GoDaddy Inc. $GDDY Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in GoDaddy Inc. (NYSE:GDDY) by 67.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,256,998 shares of the technology company’s stock after purchasing an additional 504,374 shares during the quarter. Pacer Advisors Inc.’s holdings in GoDaddy were worth $155,968,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its stake in shares of GoDaddy by 4.8% in the third quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company’s stock valued at $258,000 after buying an additional 86 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of GoDaddy by 0.9% in the 3rd quarter. Clearstead Advisors LLC now owns 12,324 shares of the technology company’s stock valued at $1,686,000 after buying an additional 104 shares during the period. Main Street Financial Solutions LLC lifted its stake in GoDaddy by 1.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock worth $2,185,000 after acquiring an additional 119 shares in the last quarter. Lido Advisors LLC lifted its stake in GoDaddy by 6.2% during the 4th quarter. Lido Advisors LLC now owns 2,083 shares of the technology company’s stock worth $283,000 after acquiring an additional 121 shares in the last quarter. Finally, Martin Capital Advisors LLP boosted its holdings in GoDaddy by 1.5% during the 4th quarter. Martin Capital Advisors LLP now owns 9,082 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 130 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Phontip Palitwanon sold 542 shares of GoDaddy stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total transaction of $48,704.12. Following the completion of the sale, the chief accounting officer directly owned 19,995 shares of the company’s stock, valued at approximately $1,796,750.70. The trade was a 2.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mark Mccaffrey sold 3,500 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $82.92, for a total transaction of $290,220.00. Following the transaction, the chief financial officer owned 105,728 shares of the company’s stock, valued at approximately $8,766,965.76. The trade was a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,751 shares of company stock valued at $1,480,228 in the last 90 days. Company insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on GDDY shares. Evercore set a $95.00 target price on GoDaddy in a research report on Wednesday, February 25th. Jefferies Financial Group reduced their price target on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Cantor Fitzgerald lowered their price objective on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada dropped their price objective on shares of GoDaddy from $200.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of GoDaddy from $154.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

GoDaddy Stock Up 1.1%

Shares of NYSE:GDDY opened at $76.92 on Friday. GoDaddy Inc. has a fifty-two week low of $71.59 and a fifty-two week high of $181.49. The firm’s 50 day moving average price is $85.04 and its 200 day moving average price is $96.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.53 by $0.07. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $1.51 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts predict that GoDaddy Inc. will post 7.14 earnings per share for the current fiscal year.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.