GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Axecap Investments LLC

Axecap Investments LLC increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,969 shares of the technology company’s stock after purchasing an additional 6,334 shares during the period. GoDaddy makes up approximately 2.8% of Axecap Investments LLC’s portfolio, making the stock its 11th largest position. Axecap Investments LLC’s holdings in GoDaddy were worth $3,744,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC purchased a new position in GoDaddy in the fourth quarter valued at about $212,000. WCM Investment Management LLC increased its stake in shares of GoDaddy by 7,083.4% during the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock worth $678,941,000 after purchasing an additional 3,356,678 shares in the last quarter. Empowered Funds LLC increased its stake in shares of GoDaddy by 36.9% during the 4th quarter. Empowered Funds LLC now owns 52,995 shares of the technology company’s stock worth $10,460,000 after purchasing an additional 14,278 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of GoDaddy by 2.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,547 shares of the technology company’s stock worth $3,661,000 after purchasing an additional 450 shares in the last quarter. Finally, Meritage Portfolio Management increased its stake in shares of GoDaddy by 7.4% during the 4th quarter. Meritage Portfolio Management now owns 11,779 shares of the technology company’s stock worth $2,325,000 after purchasing an additional 812 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Up 0.0 %

Shares of GDDY opened at $211.47 on Tuesday. The firm has a market cap of $29.69 billion, a PE ratio of 16.34 and a beta of 1.15. The company’s fifty day moving average is $204.17 and its two-hundred day moving average is $178.19. GoDaddy Inc. has a fifty-two week low of $107.92 and a fifty-two week high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GDDY. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Raymond James raised their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Benchmark raised their price objective on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $198.53.

Insider Buying and Selling at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Friday, November 15th. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00. Following the transaction, the chief operating officer now owns 185,632 shares in the company, valued at approximately $34,119,161.60. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the transaction, the chief financial officer now owns 84,300 shares in the company, valued at $16,776,543. The trade was a 6.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,483 shares of company stock worth $4,893,633 in the last quarter. 0.61% of the stock is owned by insiders.

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.