GoDaddy Inc. (NYSE:GDDY) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp trimmed its position in shares of GoDaddy Inc. (NYSE:GDDY) by 18.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,232 shares of the technology company’s stock after selling 3,791 shares during the period. Alaska Permanent Fund Corp’s holdings in GoDaddy were worth $1,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new stake in shares of GoDaddy during the 4th quarter worth $4,204,000. SG Americas Securities LLC increased its holdings in shares of GoDaddy by 644.6% during the 4th quarter. SG Americas Securities LLC now owns 149,643 shares of the technology company’s stock worth $15,886,000 after buying an additional 129,547 shares during the last quarter. Horrell Capital Management Inc. increased its holdings in shares of GoDaddy by 41.7% during the 4th quarter. Horrell Capital Management Inc. now owns 68,000 shares of the technology company’s stock worth $7,219,000 after buying an additional 20,000 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of GoDaddy during the 4th quarter worth $773,000. Finally, Lecap Asset Management Ltd. acquired a new stake in GoDaddy in the 4th quarter valued at $2,328,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

NYSE:GDDY opened at $124.14 on Friday. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50-day moving average of $118.46 and a two-hundred day moving average of $104.43. The stock has a market cap of $17.69 billion, a P/E ratio of 12.96 and a beta of 1.12. GoDaddy Inc. has a 1-year low of $67.43 and a 1-year high of $127.15.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, research analysts expect that GoDaddy Inc. will post 4.76 earnings per share for the current fiscal year.

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 4,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $114.11, for a total transaction of $456,440.00. Following the transaction, the chief operating officer now owns 208,632 shares of the company’s stock, valued at $23,806,997.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other GoDaddy news, COO Roger Chen sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $114.11, for a total value of $456,440.00. Following the transaction, the chief operating officer now owns 208,632 shares of the company’s stock, valued at $23,806,997.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nick Daddario sold 1,823 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $110.54, for a total transaction of $201,514.42. Following the completion of the transaction, the chief accounting officer now directly owns 25,263 shares in the company, valued at approximately $2,792,572.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,234 shares of company stock valued at $13,534,946. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GDDY shares. Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of GoDaddy in a report on Thursday, March 7th. Raymond James started coverage on GoDaddy in a report on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 price target for the company. Robert W. Baird increased their price target on GoDaddy from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, March 25th. StockNews.com upgraded GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Finally, UBS Group increased their price target on GoDaddy from $110.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.18.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.