Mutual of America Capital Management LLC Sells 395 Shares of GoDaddy Inc. (NYSE:GDDY)

Mutual of America Capital Management LLC decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,357 shares of the technology company’s stock after selling 395 shares during the period. Mutual of America Capital Management LLC’s holdings in GoDaddy were worth $2,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC raised its holdings in shares of GoDaddy by 42.8% in the third quarter. Natixis Advisors LLC now owns 30,409 shares of the technology company’s stock worth $4,768,000 after buying an additional 9,115 shares during the period. Mizuho Securities USA LLC increased its stake in GoDaddy by 3,227.3% in the third quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock worth $56,709,000 after purchasing an additional 350,839 shares during the period. CIBC Asset Management Inc lifted its position in shares of GoDaddy by 8.1% during the third quarter. CIBC Asset Management Inc now owns 21,113 shares of the technology company’s stock worth $3,310,000 after purchasing an additional 1,589 shares during the last quarter. ING Groep NV boosted its stake in shares of GoDaddy by 94.1% during the third quarter. ING Groep NV now owns 65,154 shares of the technology company’s stock valued at $10,215,000 after purchasing an additional 31,589 shares during the period. Finally, Lifeworks Advisors LLC bought a new position in shares of GoDaddy in the third quarter worth about $3,471,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Up 1.7 %

Shares of GDDY stock opened at $196.35 on Friday. The stock’s fifty day moving average price is $166.62 and its 200 day moving average price is $153.30. GoDaddy Inc. has a 1-year low of $94.50 and a 1-year high of $196.71. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 15.18 and a beta of 1.11. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. On average, research analysts expect that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total transaction of $906,125.00. Following the sale, the chief financial officer now owns 101,286 shares in the company, valued at approximately $16,686,868.50. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the completion of the transaction, the chief operating officer now owns 185,632 shares of the company’s stock, valued at approximately $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,845 shares of company stock worth $4,803,380. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GDDY has been the subject of a number of research analyst reports. StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. B. Riley upped their target price on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Piper Sandler raised their price target on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 price objective on shares of GoDaddy in a research note on Monday, October 7th. Finally, Royal Bank of Canada raised their target price on shares of GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Five 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.31.

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.