National Pension Service Has $53.65 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

National Pension Service trimmed its position in shares of GoDaddy Inc. (NYSE:GDDY) by 5.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 271,803 shares of the technology company’s stock after selling 16,534 shares during the period. National Pension Service’s holdings in GoDaddy were worth $53,646,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GDDY. Private Advisor Group LLC acquired a new stake in GoDaddy during the third quarter worth about $343,000. Arkadios Wealth Advisors acquired a new stake in shares of GoDaddy in the 3rd quarter valued at approximately $206,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of GoDaddy by 31.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,944 shares of the technology company’s stock valued at $775,000 after purchasing an additional 1,187 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of GoDaddy by 25.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,074 shares of the technology company’s stock valued at $4,558,000 after purchasing an additional 5,986 shares in the last quarter. Finally, abrdn plc boosted its stake in shares of GoDaddy by 100.4% in the 3rd quarter. abrdn plc now owns 57,243 shares of the technology company’s stock valued at $8,947,000 after purchasing an additional 28,672 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the sale, the chief financial officer now directly owns 84,300 shares in the company, valued at $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $197.77, for a total value of $593,310.00. Following the sale, the chief executive officer now owns 342,956 shares in the company, valued at approximately $67,826,408.12. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,482 shares of company stock valued at $4,903,930. 0.61% of the stock is owned by insiders.

GoDaddy Price Performance

GDDY opened at $174.70 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 27.08 and a beta of 1.15. The firm’s fifty day moving average price is $199.58 and its two-hundred day moving average price is $181.55. GoDaddy Inc. has a 1 year low of $108.38 and a 1 year high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data 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). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. B. Riley raised their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Piper Sandler raised their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Benchmark raised their price target on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Raymond James raised their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $213.20.

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.