Healthcare of Ontario Pension Plan Trust Fund Sells 43,100 Shares of GoDaddy Inc. (NYSE:GDDY)

Healthcare of Ontario Pension Plan Trust Fund lowered its position in shares of GoDaddy Inc. (NYSE:GDDY) by 56.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,000 shares of the technology company’s stock after selling 43,100 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in GoDaddy were worth $4,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in GoDaddy by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company’s stock worth $1,748,603,000 after buying an additional 379,228 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of GoDaddy by 94.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company’s stock valued at $433,895,000 after purchasing an additional 1,775,708 shares during the period. Federated Hermes Inc. lifted its stake in shares of GoDaddy by 35.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company’s stock valued at $209,743,000 after purchasing an additional 394,399 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of GoDaddy by 13.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 905,858 shares of the technology company’s stock valued at $96,166,000 after purchasing an additional 110,076 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of GoDaddy by 37.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company’s stock valued at $120,305,000 after purchasing an additional 235,934 shares during the period. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling

In related news, Director Sigal Zarmi sold 400 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the transaction, the director now owns 4,661 shares of the company’s stock, valued at $734,620.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Roger Chen sold 4,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.48, for a total value of $585,920.00. Following the transaction, the chief operating officer now owns 188,632 shares of the company’s stock, valued at $27,630,815.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sigal Zarmi sold 400 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the transaction, the director now directly owns 4,661 shares in the company, valued at approximately $734,620.21. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,744 shares of company stock worth $4,950,771. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

GDDY has been the subject of a number of research analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $172.00 target price (up from $160.00) on shares of GoDaddy in a research report on Monday, September 23rd. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on GoDaddy from $145.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Robert W. Baird boosted their price objective on GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Benchmark boosted their price objective on GoDaddy from $170.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $166.54.

GoDaddy Trading Up 1.2 %

NYSE:GDDY opened at $156.33 on Friday. The company has a market cap of $22.31 billion, a P/E ratio of 12.98 and a beta of 1.12. The stock’s fifty day moving average price is $156.54 and its two-hundred day moving average price is $141.72. GoDaddy Inc. has a 1 year low of $71.15 and a 1 year high of $167.65. 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 (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business posted $0.63 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that GoDaddy Inc. will post 5.06 EPS for the current 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.