Oregon Public Employees Retirement Fund Sells 80 Shares of GoDaddy Inc. (NYSE:GDDY)

Oregon Public Employees Retirement Fund decreased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,020 shares of the technology company’s stock after selling 80 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in GoDaddy were worth $2,372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDDY. Private Advisor Group LLC bought a new position in shares of GoDaddy during the third quarter worth $343,000. Arkadios Wealth Advisors bought a new position in shares of GoDaddy during the third quarter worth $206,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of GoDaddy by 31.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,944 shares of the technology company’s stock worth $775,000 after acquiring an additional 1,187 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of GoDaddy by 25.9% during the third quarter. Nisa Investment Advisors LLC now owns 29,074 shares of the technology company’s stock worth $4,558,000 after acquiring an additional 5,986 shares during the last quarter. Finally, abrdn plc lifted its position in GoDaddy by 100.4% during the third quarter. abrdn plc now owns 57,243 shares of the technology company’s stock valued at $8,947,000 after purchasing an additional 28,672 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the transaction, the director now owns 22,621 shares of the company’s stock, valued at approximately $4,698,381.70. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $623,100.00. Following the transaction, the chief executive officer now directly owns 330,153 shares in the company, valued at $68,572,778.10. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,482 shares of company stock valued at $4,903,930. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

GDDY has been the subject of several research reports. B. Riley increased their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. 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. Raymond James increased their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Morgan Stanley increased their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, UBS Group increased their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Trading Down 1.3 %

GDDY stock opened at $174.70 on Friday. The company has a market capitalization of $24.53 billion, a PE ratio of 27.08 and a beta of 1.15. GoDaddy Inc. has a 12 month low of $108.38 and a 12 month high of $216.00. The firm’s 50-day moving average is $199.58 and its 200 day moving average is $181.55. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. On average, research 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.