GoDaddy Inc. (NYSE:GDDY) Stake Raised by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,208 shares of the technology company’s stock after acquiring an additional 11,910 shares during the quarter. Pacer Advisors Inc.’s holdings in GoDaddy were worth $12,870,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy in the third quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy during the 3rd quarter worth about $31,000. Versant Capital Management Inc bought a new stake in shares of GoDaddy during the 4th quarter worth about $43,000. Finally, Huntington National Bank raised its stake in shares of GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GDDY. Benchmark upped their target price on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Raymond James boosted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Piper Sandler boosted their price objective on GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, B. Riley raised their target price on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.07.

GoDaddy Stock Up 4.6 %

Shares of GDDY opened at $214.33 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a 50-day moving average price of $201.68 and a two-hundred day moving average price of $174.47. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 16.56 and a beta of 1.15. GoDaddy Inc. has a 12 month low of $106.42 and a 12 month high of $215.35.

GoDaddy (NYSE:GDDY) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.89 EPS. GoDaddy’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other news, CAO Phontip Palitwanon sold 770 shares of GoDaddy stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the transaction, the chief accounting officer now owns 23,059 shares in the company, valued at approximately $4,534,321.76. The trade was a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the sale, the chief operating officer now owns 185,632 shares in the company, valued at approximately $34,119,161.60. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,483 shares of company stock valued at $4,759,553. 0.61% of the stock is currently owned by company insiders.

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.