Public Employees Retirement System of Ohio Sells 4,020 Shares of GoDaddy Inc. (NYSE:GDDY)

Public Employees Retirement System of Ohio decreased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,285 shares of the technology company's stock after selling 4,020 shares during the quarter. Public Employees Retirement System of Ohio's holdings in GoDaddy were worth $10,122,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GDDY. Proficio Capital Partners LLC purchased a new position in shares of GoDaddy in the fourth quarter worth $25,554,000. Mount Yale Investment Advisors LLC increased its holdings in shares of GoDaddy by 205.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company's stock worth $1,110,000 after purchasing an additional 3,783 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock worth $243,000 after buying an additional 499 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in GoDaddy during the fourth quarter valued at approximately $262,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in GoDaddy by 16.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company's stock valued at $134,000 after buying an additional 98 shares in the last quarter. Institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 0.8%

Shares of GDDY stock traded up $1.44 on Friday, reaching $182.14. 1,989,421 shares of the company's stock were exchanged, compared to its average volume of 1,476,365. GoDaddy Inc. has a 52 week low of $135.73 and a 52 week high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a market capitalization of $25.95 billion, a PE ratio of 28.24 and a beta of 1.13. The company's fifty day simple moving average is $179.33 and its 200 day simple moving average is $189.53.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.76 EPS. As a group, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Buying and Selling

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $188.21, for a total value of $188,210.00. Following the completion of the sale, the chief operating officer now directly owns 255,949 shares in the company, valued at approximately $48,172,161.29. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $989,175.00. Following the completion of the sale, the chief financial officer now owns 115,375 shares of the company's stock, valued at $20,750,193.75. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,526 shares of company stock valued at $10,243,716 in the last 90 days. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GDDY. Piper Sandler upped their price objective on GoDaddy from $177.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Wells Fargo & Company began coverage on shares of GoDaddy in a research report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price objective for the company. Barclays dropped their price objective on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada decreased their target price on shares of GoDaddy from $230.00 to $225.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group lowered their price target on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a report on Monday, April 7th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $214.86.

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.