Handelsbanken Fonder AB Purchases 200 Shares of GoDaddy Inc. (NYSE:GDDY)

Handelsbanken Fonder AB grew its position in GoDaddy Inc. (NYSE:GDDY) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,100 shares of the technology company’s stock after buying an additional 200 shares during the period. Handelsbanken Fonder AB’s holdings in GoDaddy were worth $6,928,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its holdings in shares of GoDaddy by 6.8% in the 4th quarter. Private Advisor Group LLC now owns 2,335 shares of the technology company’s stock valued at $461,000 after buying an additional 148 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of GoDaddy by 31.1% in the 4th quarter. Global Retirement Partners LLC now owns 392 shares of the technology company’s stock valued at $77,000 after buying an additional 93 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of GoDaddy in the 4th quarter valued at about $220,000. Truist Financial Corp boosted its holdings in shares of GoDaddy by 5.4% in the 4th quarter. Truist Financial Corp now owns 29,254 shares of the technology company’s stock valued at $5,774,000 after buying an additional 1,500 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of GoDaddy by 4.1% in the 4th quarter. CIBC Asset Management Inc now owns 21,969 shares of the technology company’s stock valued at $4,336,000 after buying an additional 856 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the transaction, the director now directly owns 22,621 shares of the company’s stock, valued at $4,698,381.70. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Mccaffrey sold 480 shares of GoDaddy stock in a transaction on Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction 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. Insiders sold a total of 24,482 shares of company stock valued at $4,903,930 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDDY. JPMorgan Chase & Co. increased their price objective on shares of GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays increased their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Benchmark increased their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Citigroup increased their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Seven equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Stock Performance

GDDY opened at $173.82 on Friday. GoDaddy Inc. has a 12-month low of $108.38 and a 12-month high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The firm has a market capitalization of $24.40 billion, a PE ratio of 26.95 and a beta of 1.15. The firm has a 50 day moving average of $201.36 and a two-hundred day moving average of $181.13.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate 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 net margin of 20.49% and a return on equity of 176.06%. On average, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

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.