Elo Mutual Pension Insurance Co Sells 136 Shares of GoDaddy Inc. (NYSE:GDDY)

Elo Mutual Pension Insurance Co lessened its holdings in GoDaddy Inc. (NYSE:GDDY) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,176 shares of the technology company’s stock after selling 136 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in GoDaddy were worth $1,701,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GDDY. Vanguard Group Inc. lifted its holdings in shares of GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company’s stock worth $1,748,603,000 after purchasing an additional 379,228 shares during the period. Price T Rowe Associates Inc. MD raised its position in GoDaddy by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company’s stock worth $433,895,000 after purchasing an additional 1,775,708 shares during the last quarter. Norges Bank acquired a new position in GoDaddy during the 4th quarter worth about $181,687,000. Federated Hermes Inc. raised its position in shares of GoDaddy by 35.6% during the second quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company’s stock worth $209,743,000 after acquiring an additional 394,399 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of GoDaddy by 13.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 905,858 shares of the technology company’s stock worth $96,166,000 after acquiring an additional 110,076 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GDDY has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of GoDaddy from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Citigroup lifted 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. JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $136.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Cantor Fitzgerald assumed coverage on GoDaddy in a research report on Thursday, September 5th. They issued a “neutral” rating and a $170.00 price objective for the company. Finally, B. Riley upped their target price on GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and a consensus price target of $164.08.

Insider Buying and Selling at GoDaddy

In other news, CAO Nick Daddario sold 684 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total value of $107,545.32. Following the completion of the sale, the chief accounting officer now owns 17,704 shares in the company, valued at approximately $2,783,599.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 4,500 shares of GoDaddy stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.79, for a total transaction of $629,055.00. Following the transaction, the chief executive officer now owns 365,398 shares of the company’s stock, valued at approximately $51,078,986.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Nick Daddario sold 684 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $157.23, for a total value of $107,545.32. Following the completion of the transaction, the chief accounting officer now owns 17,704 shares in the company, valued at approximately $2,783,599.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,744 shares of company stock worth $4,816,386. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 3.8 %

NYSE:GDDY opened at $160.18 on Friday. The company has a debt-to-equity ratio of 24.13, a current ratio of 0.48 and a quick ratio of 0.48. GoDaddy Inc. has a one year low of $71.15 and a one year high of $167.65. The company has a market cap of $22.86 billion, a PE ratio of 13.30 and a beta of 1.13. The firm has a 50-day moving average of $154.05 and a 200-day moving average of $138.35.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.06). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. As a group, equities research analysts expect that GoDaddy Inc. will post 5.06 EPS 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.