Raiffeisen Bank International AG Has $5.07 Million Stake in GoDaddy Inc. $GDDY

Raiffeisen Bank International AG lessened its position in GoDaddy Inc. (NYSE:GDDY) by 55.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,760 shares of the technology company’s stock after selling 44,343 shares during the quarter. Raiffeisen Bank International AG’s holdings in GoDaddy were worth $5,066,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hemington Wealth Management increased its stake in shares of GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after purchasing an additional 85 shares during the last quarter. NewSquare Capital LLC grew its holdings in GoDaddy by 170.9% in the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after buying an additional 94 shares in the last quarter. Root Financial Partners LLC acquired a new position in GoDaddy in the 3rd quarter valued at $31,000. Bayforest Capital Ltd increased its position in GoDaddy by 141.5% during the 3rd quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock worth $49,000 after buying an additional 208 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of GoDaddy during the third quarter worth $61,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Trading Up 2.1%

GDDY opened at $90.56 on Friday. GoDaddy Inc. has a twelve month low of $87.13 and a twelve month high of $193.55. The company has a 50-day simple moving average of $108.75 and a 200 day simple moving average of $126.77. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 41.06. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 0.82 and a beta of 0.94.

Insider Transactions at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 2,397 shares of the business’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 transaction of $307,870.68. Following the completion of the transaction, the chief accounting officer directly owned 17,055 shares in the company, valued at $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 $8,548,439.04. The trade was a 4.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 13,615 shares of company stock valued at $1,743,102. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GDDY shares. Benchmark restated a “buy” rating on shares of GoDaddy in a research note on Thursday, December 4th. UBS Group dropped their price objective on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Royal Bank Of Canada set a $70.00 price objective on shares of GoDaddy in a report on Wednesday, January 7th. B. Riley Financial decreased their target price on shares of GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Evercore dropped their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and an average target price of $166.21.

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.