GoDaddy Inc. $GDDY Shares Purchased by National Pension Service

National Pension Service raised its position in GoDaddy Inc. (NYSE:GDDY) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,941 shares of the technology company’s stock after acquiring an additional 17,032 shares during the quarter. National Pension Service’s holdings in GoDaddy were worth $39,536,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sivia Capital Partners LLC lifted its position in shares of GoDaddy by 90.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock worth $589,000 after purchasing an additional 1,552 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in GoDaddy in the second quarter valued at approximately $68,000. Shell Asset Management Co. boosted its holdings in GoDaddy by 37.6% in the second quarter. Shell Asset Management Co. now owns 23,135 shares of the technology company’s stock valued at $4,166,000 after purchasing an additional 6,319 shares in the last quarter. Callan Family Office LLC purchased a new position in GoDaddy in the second quarter valued at approximately $367,000. Finally, IFP Advisors Inc raised its holdings in GoDaddy by 3.4% during the second quarter. IFP Advisors Inc now owns 3,421 shares of the technology company’s stock worth $616,000 after purchasing an additional 113 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Trading Down 0.4%

NYSE GDDY opened at $100.10 on Tuesday. The firm’s fifty day moving average is $118.57 and its two-hundred day moving average is $133.54. GoDaddy Inc. has a one year low of $98.28 and a one year high of $214.76. The company has a debt-to-equity ratio of 41.06, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $13.53 billion, a PE ratio of 17.29, a P/E/G ratio of 0.91 and a beta of 0.94.

Analyst Ratings Changes

Several research analysts have recently issued reports on GDDY shares. JPMorgan Chase & Co. lowered their target price on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Evercore ISI decreased their price objective on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research note on Friday, October 31st. Jefferies Financial Group dropped their price objective on GoDaddy from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Monday, January 5th. Morgan Stanley cut their target price on GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Finally, B. Riley decreased their target price on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.21.

Insider Activity at GoDaddy

In other news, CAO Phontip Palitwanon sold 2,397 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total value of $307,870.68. Following the transaction, the chief accounting officer owned 17,055 shares of the company’s stock, valued at approximately $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $886,880.08. Following the sale, the chief executive officer owned 399,133 shares of the company’s stock, valued at $51,065,076.02. This trade represents a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,615 shares of company stock worth $1,743,102 in the last quarter. Company insiders own 0.70% of the company’s stock.

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.