GoDaddy Inc. $GDDY Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,884 shares of the technology company’s stock after purchasing an additional 17,985 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.22% of GoDaddy worth $42,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GDDY. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in GoDaddy by 20.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock valued at $17,888,000 after acquiring an additional 17,200 shares during the period. 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 acquired a new position in shares of GoDaddy in the second quarter valued at approximately $15,659,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of GoDaddy during the second quarter worth approximately $470,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of GoDaddy in a research note on Friday, October 31st. Royal Bank Of Canada set a $70.00 price target on shares of GoDaddy in a research note on Wednesday, January 7th. Jefferies Financial Group cut their price target on shares of GoDaddy from $150.00 to $140.00 and set a “hold” rating for the company in a report on Monday, January 5th. Finally, Wells Fargo & Company lowered their price objective on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.21.

Insider Transactions at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $424,376.98. Following the sale, the chief financial officer owned 66,816 shares of the company’s stock, valued at approximately $8,548,439.04. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $886,880.08. Following the completion of the transaction, the chief executive officer owned 399,133 shares of the company’s stock, valued at approximately $51,065,076.02. This represents a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,115 shares of company stock valued at $1,809,657 in the last three months. 0.70% of the stock is owned by company insiders.

GoDaddy Trading Down 2.3%

Shares of GDDY opened at $103.57 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 41.06. The firm’s 50-day moving average is $121.34 and its two-hundred day moving average is $136.35. GoDaddy Inc. has a twelve month low of $102.85 and a twelve month high of $216.00. The firm has a market capitalization of $14.00 billion, a P/E ratio of 17.89, a PEG ratio of 0.94 and a beta of 0.95.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 231.34%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $1.32 EPS. On average, research analysts predict that GoDaddy Inc. will post 6.63 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.