660 Shares in GoDaddy Inc. (NYSE:GDDY) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the 4th quarter, HoldingsChannel.com reports. The fund bought 660 shares of the technology company’s stock, valued at approximately $70,000.

Several other large investors have also modified their holdings of GDDY. Norges Bank acquired a new stake in shares of GoDaddy during the 4th quarter worth about $181,687,000. Federated Hermes Inc. raised its stake in shares of GoDaddy by 3,402.0% in the 4th quarter. Federated Hermes Inc. now owns 955,559 shares of the technology company’s stock valued at $101,442,000 after acquiring an additional 928,273 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of GoDaddy by 7,379.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 723,752 shares of the technology company’s stock worth $76,834,000 after acquiring an additional 714,075 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of GoDaddy by 71.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,664,382 shares of the technology company’s stock worth $123,963,000 after purchasing an additional 695,897 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in GoDaddy by 9.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,360,266 shares of the technology company’s stock valued at $473,713,000 after purchasing an additional 561,614 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In related news, CFO Mark Mccaffrey sold 624 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total value of $75,397.92. Following the completion of the transaction, the chief financial officer now directly owns 116,328 shares of the company’s stock, valued at $14,055,912.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Mark Mccaffrey sold 624 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $120.83, for a total transaction of $75,397.92. Following the completion of the sale, the chief financial officer now owns 116,328 shares in the company, valued at approximately $14,055,912.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nick Daddario sold 523 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total transaction of $72,221.07. Following the completion of the transaction, the chief accounting officer now directly owns 22,666 shares in the company, valued at $3,129,947.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,195 shares of company stock valued at $6,237,029. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Price Performance

Shares of GDDY opened at $137.93 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 9.15. The firm’s fifty day simple moving average is $132.62 and its 200-day simple moving average is $118.67. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 11.46 and a beta of 1.10. GoDaddy Inc. has a twelve month low of $69.18 and a twelve month high of $142.95.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. Equities analysts forecast that GoDaddy Inc. will post 4.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on GDDY shares. Raymond James began coverage on GoDaddy in a research report on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 price target for the company. Barclays raised their target price on GoDaddy from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. B. Riley boosted their price target on shares of GoDaddy from $124.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Royal Bank of Canada raised their price objective on shares of GoDaddy from $124.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Citigroup upped their target price on shares of GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and an average target price of $149.92.

About GoDaddy

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.