Quantinno Capital Management LP Has $3.09 Million Stock Position in GoDaddy Inc. (NYSE:GDDY)

Quantinno Capital Management LP lifted its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,657 shares of the technology company's stock after purchasing an additional 1,854 shares during the quarter. Quantinno Capital Management LP's holdings in GoDaddy were worth $3,090,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its holdings in shares of GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after acquiring an additional 165 shares during the last quarter. OFI Invest Asset Management acquired a new position in GoDaddy during the 4th quarter worth $52,000. Summit Securities Group LLC bought a new stake in shares of GoDaddy in the fourth quarter valued at approximately $58,000. Physician Wealth Advisors Inc. bought a new position in GoDaddy during the fourth quarter valued at about $67,000. Finally, Global Retirement Partners LLC boosted its position in shares of GoDaddy by 31.1% during the 4th quarter. Global Retirement Partners LLC now owns 392 shares of the technology company's stock valued at $77,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total transaction of $171,750.00. Following the sale, the chief operating officer now directly owns 256,949 shares of the company's stock, valued at $44,130,990.75. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $541,980.00. Following the sale, the chief executive officer now owns 505,649 shares in the company, valued at approximately $91,350,548.34. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,526 shares of company stock valued at $10,243,716. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Benchmark reiterated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Citigroup cut their price target on GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, B. Riley raised their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $214.86.

GoDaddy Stock Down 0.6%

NYSE:GDDY traded down $1.16 during mid-day trading on Friday, reaching $182.81. The stock had a trading volume of 880,082 shares, compared to its average volume of 1,487,199. The stock has a market cap of $26.05 billion, a P/E ratio of 28.34 and a beta of 1.13. GoDaddy Inc. has a fifty-two week low of $135.73 and a fifty-two week high of $216.00. The business's 50 day moving average is $179.43 and its 200 day moving average is $189.68. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56.

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 the consensus estimate of $1.35 by ($0.08). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.76 EPS. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.