9,107 Shares in GoDaddy Inc. (NYSE:GDDY) Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd acquired a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,107 shares of the technology company’s stock, valued at approximately $1,428,000.

Several other hedge funds have also added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in shares of GoDaddy by 22.3% during the third quarter. US Bancorp DE now owns 37,458 shares of the technology company’s stock valued at $5,873,000 after acquiring an additional 6,827 shares in the last quarter. Petra Financial Advisors Inc. purchased a new stake in GoDaddy during the 3rd quarter valued at about $582,000. Oak Harvest Investment Services grew its position in GoDaddy by 72.8% during the 3rd quarter. Oak Harvest Investment Services now owns 14,290 shares of the technology company’s stock valued at $2,240,000 after purchasing an additional 6,020 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in GoDaddy during the 3rd quarter valued at about $2,093,000. Finally, New York State Teachers Retirement System raised its holdings in GoDaddy by 13.6% in the third quarter. New York State Teachers Retirement System now owns 102,473 shares of the technology company’s stock worth $16,066,000 after buying an additional 12,244 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

GDDY has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday. B. Riley increased their target price on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James lifted their target price on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. Robert W. Baird upped their price target on GoDaddy from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.23.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $166.68 on Friday. The firm’s 50 day moving average price is $159.08 and its 200-day moving average price is $146.68. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 24.13. The stock has a market capitalization of $23.50 billion, a PE ratio of 12.88 and a beta of 1.12. GoDaddy Inc. has a twelve month low of $72.14 and a twelve month high of $171.93.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 313.25%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that GoDaddy Inc. will post 5.07 EPS for the current year.

Insider Activity at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $166.91, for a total value of $500,730.00. Following the completion of the sale, the chief executive officer now owns 358,773 shares in the company, valued at $59,882,801.43. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Nick Daddario sold 684 shares of GoDaddy stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total transaction of $107,545.32. Following the transaction, the chief accounting officer now owns 17,704 shares in the company, valued at approximately $2,783,599.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $166.91, for a total value of $500,730.00. Following the completion of the sale, the chief executive officer now owns 358,773 shares of the company’s stock, valued at $59,882,801.43. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,744 shares of company stock worth $4,089,571. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.