GoDaddy Inc. $GDDY Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,736,821 shares of the technology company’s stock after purchasing an additional 66,144 shares during the quarter. WCM Investment Management LLC’s holdings in GoDaddy were worth $529,395,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GDDY. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of GoDaddy by 20.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock worth $17,888,000 after buying an additional 17,200 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in GoDaddy by 14.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 86,648 shares of the technology company’s stock worth $15,602,000 after acquiring an additional 10,631 shares during the period. GDS Wealth Management grew its stake in shares of GoDaddy by 16.3% in the 2nd quarter. GDS Wealth Management now owns 59,940 shares of the technology company’s stock valued at $10,793,000 after purchasing an additional 8,388 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of GoDaddy in the 2nd quarter valued at approximately $15,659,000. Finally, Neo Ivy Capital Management acquired a new position in shares of GoDaddy in the second quarter valued at approximately $470,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Down 0.4%

Shares of NYSE GDDY opened at $100.10 on Tuesday. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.91 and a beta of 0.94. GoDaddy Inc. has a 52 week low of $98.28 and a 52 week high of $214.76. The firm has a 50-day moving average price of $118.57 and a 200 day moving average price of $133.54. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 41.06.

Insider Activity

In other news, CFO Mark Mccaffrey sold 3,317 shares of the business’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 transaction of $424,376.98. Following the sale, the chief financial officer owned 66,816 shares of the company’s stock, valued at $8,548,439.04. The trade was a 4.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Phontip Palitwanon sold 2,397 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total value of $307,870.68. Following the completion of the transaction, the chief accounting officer directly owned 17,055 shares of the company’s stock, valued at $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,615 shares of company stock worth $1,743,102. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GDDY. Morgan Stanley lowered their price objective on shares of GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Citigroup lowered their target price on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Benchmark reiterated a “buy” rating on shares of GoDaddy in a research note on Thursday, December 4th. Raymond James Financial restated a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Finally, Royal Bank Of Canada set a $70.00 price objective on GoDaddy in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.21.

About GoDaddy

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.