Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 50,500 Shares of GoDaddy Inc. $GDDY

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in GoDaddy Inc. (NYSE:GDDY) by 56.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,398 shares of the technology company’s stock after purchasing an additional 50,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in GoDaddy were worth $11,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDDY. Coldstream Capital Management Inc. grew its stake in GoDaddy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company’s stock worth $258,000 after buying an additional 86 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in GoDaddy by 1.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock valued at $2,185,000 after buying an additional 119 shares during the period. Lido Advisors LLC raised its position in shares of GoDaddy by 6.2% in the 4th quarter. Lido Advisors LLC now owns 2,083 shares of the technology company’s stock valued at $283,000 after buying an additional 121 shares in the last quarter. Martin Capital Advisors LLP raised its position in shares of GoDaddy by 1.5% in the 4th quarter. Martin Capital Advisors LLP now owns 9,082 shares of the technology company’s stock valued at $1,127,000 after buying an additional 130 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of GoDaddy by 18.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 832 shares of the technology company’s stock valued at $103,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $82.92, for a total value of $290,220.00. Following the sale, the chief financial officer owned 105,728 shares in the company, valued at $8,766,965.76. This trade represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 8,373 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total transaction of $752,397.78. Following the sale, the chief executive officer directly owned 521,747 shares in the company, valued at approximately $46,884,185.42. The trade was a 1.58% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 16,751 shares of company stock worth $1,480,228. Corporate insiders own 0.93% of the company’s stock.

GoDaddy Stock Down 0.1%

GDDY stock opened at $88.42 on Friday. The stock has a market capitalization of $11.71 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.80 and a beta of 0.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 15.86. GoDaddy Inc. has a 12 month low of $71.59 and a 12 month high of $179.61. The firm has a 50-day moving average price of $84.81 and a 200-day moving average price of $93.12.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.51 EPS. As a group, equities research analysts anticipate that GoDaddy Inc. will post 7.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GDDY shares. Wells Fargo & Company increased their price target on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of GoDaddy from $154.00 to $124.00 and set an “overweight” rating for the company in a research report on Thursday, June 18th. UBS Group initiated coverage on GoDaddy in a research note on Tuesday, May 5th. They set a “neutral” rating and a $100.00 target price for the company. Benchmark reduced their target price on GoDaddy from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GoDaddy in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

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.