Universal Beteiligungs und Servicegesellschaft mbH Increases Position in GoDaddy Inc. $GDDY

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in GoDaddy by 17.0%, buying 20,285 shares to hold 139,776 shares worth about $17.4 million, representing roughly 0.10% of the company.
• GoDaddy reported stronger-than-expected quarterly results—EPS $1.80 vs. $1.58 expected and revenue of $1.27 billion (up 6.8% YoY)—and the stock trades around $86 with a market cap of $11.47 billion while analysts give a consensus rating of Moderate Buy and an average price target of $125.57.

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,776 shares of the technology company's stock after purchasing an additional 20,285 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of GoDaddy worth $17,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDDY. Hemington Wealth Management grew its holdings in GoDaddy by 85.9% in 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 during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in GoDaddy in the fourth quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in GoDaddy in the third quarter worth about $31,000. Brown Brothers Harriman & Co. grew its holdings in GoDaddy by 145.6% in the third quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company's stock worth $35,000 after purchasing an additional 150 shares during the period. Finally, Rossby Financial LCC grew its holdings in shares of GoDaddy by 125.4% during the third quarter. Rossby Financial LCC now owns 284 shares of the technology company's stock valued at $38,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 1.5%

Shares of GDDY stock opened at $86.02 on Friday. GoDaddy Inc. has a 12-month low of $73.06 and a 12-month high of $193.55. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 17.50. The firm's 50 day moving average is $85.17 and its 200 day moving average is $108.36. The stock has a market capitalization of $11.47 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.75 and a beta of 0.98.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Tuesday, February 24th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.22. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the company posted $1.36 earnings per share. The firm's quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that GoDaddy Inc. will post 7.3 earnings per share for the current year.

Insider Activity at GoDaddy

In related news, CAO Phontip Palitwanon sold 1,310 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $90.15, for a total value of $118,096.50. Following the sale, the chief accounting officer owned 20,349 shares in the company, valued at approximately $1,834,462.35. This trade represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 17,406 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 113,003 shares in the company, valued at $10,056,136.97. This represents a 13.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 61,918 shares of company stock worth $5,500,469. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $100.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. Wells Fargo & Company cut their price target on shares of GoDaddy from $145.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 25th. Benchmark cut their price target on shares of GoDaddy from $240.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. Cantor Fitzgerald cut their price target on shares of GoDaddy from $130.00 to $90.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Finally, Evercore set a $95.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.57.

About GoDaddy

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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