UniSuper Management Pty Ltd Sells 3,800 Shares of GoDaddy Inc. (NYSE:GDDY)

UniSuper Management Pty Ltd lessened its position in shares of GoDaddy Inc. (NYSE:GDDY) by 10.8% in the fourth quarter, Holdings Channel reports. The fund owned 31,414 shares of the technology company’s stock after selling 3,800 shares during the quarter. UniSuper Management Pty Ltd’s holdings in GoDaddy were worth $6,200,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GDDY. Elo Mutual Pension Insurance Co lifted its stake in shares of GoDaddy by 16.0% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,528 shares of the technology company’s stock worth $2,867,000 after purchasing an additional 2,009 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in GoDaddy by 10.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 220,115 shares of the technology company’s stock worth $44,109,000 after acquiring an additional 21,009 shares during the period. Korea Investment CORP boosted its stake in shares of GoDaddy by 3.5% during the 4th quarter. Korea Investment CORP now owns 127,806 shares of the technology company’s stock worth $25,225,000 after acquiring an additional 4,281 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of GoDaddy by 15.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,576 shares of the technology company’s stock valued at $903,000 after acquiring an additional 596 shares during the period. Finally, Towercrest Capital Management purchased a new stake in shares of GoDaddy in the 4th quarter worth $240,000. Institutional investors own 90.28% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $99,505.00. Following the completion of the sale, the director now directly owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $174.21, for a total value of $174,210.00. Following the completion of the transaction, the chief operating officer now directly owns 257,949 shares in the company, valued at $44,937,295.29. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock valued at $3,816,029 over the last three months. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup boosted their price target on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. B. Riley increased their target price on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Piper Sandler lifted their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 14th. UBS Group raised their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Morgan Stanley upped their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

GoDaddy Stock Down 0.0 %

Shares of GDDY opened at $183.02 on Friday. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 28.38 and a beta of 1.25. GoDaddy Inc. has a 1 year low of $118.39 and a 1 year high of $216.00. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The business’s 50 day simple moving average is $190.24 and its 200-day simple moving average is $183.76.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, equities analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

GoDaddy Company 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.