GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd increased its stake in GoDaddy Inc. (NYSE:GDDY) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,209 shares of the technology company’s stock after acquiring an additional 730 shares during the period. Plato Investment Management Ltd’s holdings in GoDaddy were worth $1,428,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GDDY. SBI Securities Co. Ltd. acquired a new stake in GoDaddy in the fourth quarter valued at $98,000. Jones Financial Companies Lllp raised its stake in GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after buying an additional 499 shares in the last quarter. Norden Group LLC acquired a new stake in GoDaddy in the fourth quarter valued at $825,000. Metis Global Partners LLC raised its stake in GoDaddy by 1.1% in the fourth quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company’s stock valued at $1,294,000 after buying an additional 74 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its stake in GoDaddy by 4.9% in the fourth quarter. Williamson Legacy Group LLC now owns 6,104 shares of the technology company’s stock valued at $1,205,000 after buying an additional 285 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $99,505.00. Following the sale, the director now owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 480 shares of GoDaddy stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the completion of the sale, the chief financial officer now directly owns 83,254 shares in the company, valued at $16,758,197.66. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,534 shares of company stock valued at $3,533,720. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GDDY. Benchmark raised their price target on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays raised their price target on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird raised their price objective on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. StockNews.com lowered GoDaddy from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Finally, Piper Sandler raised their price objective on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Stock Performance

NYSE GDDY opened at $177.53 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 52-week low of $108.38 and a 52-week high of $216.00. The business’s 50-day moving average price is $197.96 and its 200 day moving average price is $182.06. The firm has a market cap of $25.09 billion, a P/E ratio of 27.52 and a beta of 1.15.

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