GoDaddy Inc. $GDDY Shares Purchased by Swedbank AB

Key Points

• Swedbank AB boosted its GoDaddy stake by 433.9% in Q4 to 645,754 shares (about 0.48% of the company), acquiring an additional 524,811 shares valued at roughly $80.1 million.
• GoDaddy beat the quarter with EPS $1.60 vs. $1.53 and revenue of $1.27 billion (up 6.1% YoY); the stock trades near $85 with a 12‑month range of $73.06–$190.50 and a P/E of 13.48.
• Insiders sold about 61,918 shares worth $5.5 million last quarter (insider ownership ~0.93%), and analysts rate the stock a "Moderate Buy" with a consensus price target of roughly $120.57 after several downward target revisions.

Swedbank AB raised its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 433.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645,754 shares of the technology company's stock after acquiring an additional 524,811 shares during the period. Swedbank AB owned 0.48% of GoDaddy worth $80,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hemington Wealth Management increased its position in shares of GoDaddy by 85.9% during the third quarter. Hemington Wealth Management now owns 184 shares of the technology company's stock worth $25,000 after purchasing an additional 85 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GoDaddy in the 4th quarter valued at about $25,000. Rachor Investment Advisory Services LLC purchased a new position in GoDaddy during the 4th quarter worth approximately $25,000. Activest Wealth Management grew its stake in GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company's stock worth $25,000 after buying an additional 198 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in GoDaddy during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Down 2.6%

GoDaddy stock opened at $85.19 on Thursday. The stock has a 50 day moving average of $84.72 and a two-hundred day moving average of $106.07. GoDaddy Inc. has a twelve month low of $73.06 and a twelve month high of $190.50. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.79 and a beta of 0.92. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 15.86.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.07. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts expect that GoDaddy Inc. will post 7.17 earnings per share for the current year.

Insider Activity

In other news, Director Leah Sweet sold 650 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $86.86, for a total value of $56,459.00. Following the completion of the sale, the director owned 11,414 shares in the company, valued at approximately $991,420.04. This trade represents a 5.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 17,406 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total transaction of $1,548,959.94. Following the transaction, the chief financial officer owned 113,003 shares in the company, valued at approximately $10,056,136.97. This trade represents a 13.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 61,918 shares of company stock valued at $5,500,469. 0.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley reduced their price objective on GoDaddy from $159.00 to $145.00 and set an "equal weight" rating for the company in a research note on Thursday, January 15th. JPMorgan Chase & Co. cut their target price on shares of GoDaddy from $167.00 to $154.00 and set an "overweight" rating on the stock in a report on Friday, May 1st. UBS Group initiated coverage on shares of GoDaddy in a research report on Tuesday. They issued a "neutral" rating and a $100.00 price target for the company. Royal Bank Of Canada decreased their price target on shares of GoDaddy from $200.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 25th. Finally, Evercore set a $95.00 price objective on shares of GoDaddy in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, GoDaddy presently has an average rating of "Moderate Buy" and a consensus price target of $120.57.

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.

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