Union Bancaire Privee UBP SA Makes New $7.92 Million Investment in GoDaddy Inc. (NYSE:GDDY)

Union Bancaire Privee UBP SA bought a new stake in GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, HoldingsChannel reports. The fund bought 41,425 shares of the technology company’s stock, valued at approximately $7,916,000.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its stake in GoDaddy by 40.5% during the fourth quarter. Blue Trust Inc. now owns 1,072 shares of the technology company’s stock valued at $212,000 after buying an additional 309 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of GoDaddy during the fourth quarter worth $262,000. Geneos Wealth Management Inc. lifted its holdings in GoDaddy by 50.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 552 shares of the technology company’s stock worth $109,000 after acquiring an additional 184 shares during the last quarter. Fifth Third Bancorp boosted its position in GoDaddy by 11.3% during the 4th quarter. Fifth Third Bancorp now owns 993 shares of the technology company’s stock valued at $196,000 after purchasing an additional 101 shares during the period. Finally, Cottonwood Capital Advisors LLC grew its stake in GoDaddy by 98.2% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,405 shares of the technology company’s stock worth $672,000 after buying an additional 1,687 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $183.80, for a total transaction of $183,800.00. Following the completion of the sale, the chief operating officer now directly owns 185,632 shares in the company, valued at $34,119,161.60. The trade was a 0.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Phontip Palitwanon sold 770 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 $4,534,321.76. This represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,483 shares of company stock valued at $4,759,553 over the last three months. 0.61% of the stock is owned by corporate insiders.

GoDaddy Trading Up 0.1 %

Shares of NYSE:GDDY opened at $207.44 on Monday. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $29.12 billion, a price-to-earnings ratio of 16.03 and a beta of 1.15. GoDaddy Inc. has a 1-year low of $106.42 and a 1-year high of $211.11. The company has a 50 day moving average price of $200.75 and a 200 day moving average price of $173.54.

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

Analysts Set New Price Targets

GDDY has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Robert W. Baird boosted their target price on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Benchmark upped their target price on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup boosted their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley raised their target price on GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Five 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $198.07.

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.