GoDaddy Inc. $GDDY Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 70.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,641 shares of the technology company’s stock after purchasing an additional 6,883 shares during the quarter. Machina Capital S.A.S.’s holdings in GoDaddy were worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission.

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

GoDaddy Trading Down 6.2%

Shares of GoDaddy stock opened at $93.98 on Wednesday. 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 company has a fifty day simple moving average of $117.92 and a 200-day simple moving average of $133.01. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.91 and a beta of 0.94. GoDaddy Inc. has a 12-month low of $93.28 and a 12-month high of $214.37.

Insider Buying and Selling 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 shares were sold at an average price of $127.94, for a total value of $424,376.98. Following the completion of the transaction, the chief financial officer owned 66,816 shares in the company, valued at $8,548,439.04. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of GoDaddy stock in a transaction dated 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 in the company, valued at $51,065,076.02. This trade represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,615 shares of company stock worth $1,743,102 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GDDY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GoDaddy in a report on Wednesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Jefferies Financial Group decreased their price objective on shares of GoDaddy from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Monday, January 5th. Citigroup lowered their target price on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Morgan Stanley dropped their target price on GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.