Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in GoDaddy Inc. (NYSE:GDDY)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 129,613 shares of the technology company's stock, valued at approximately $25,582,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of GoDaddy at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GDDY. Ascent Group LLC raised its position in shares of GoDaddy by 11.0% during the fourth quarter. Ascent Group LLC now owns 2,649 shares of the technology company's stock worth $523,000 after acquiring an additional 262 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of GoDaddy by 9.8% during the fourth quarter. Mackenzie Financial Corp now owns 121,185 shares of the technology company's stock worth $23,918,000 after acquiring an additional 10,791 shares during the last quarter. Invst LLC raised its position in shares of GoDaddy by 1.0% during the fourth quarter. Invst LLC now owns 7,521 shares of the technology company's stock worth $1,484,000 after acquiring an additional 74 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of GoDaddy during the fourth quarter worth about $255,000. Finally, City National Bank of Florida MSD bought a new position in shares of GoDaddy during the fourth quarter worth about $659,000. 90.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GDDY shares. Wells Fargo & Company started coverage on GoDaddy in a research report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price objective for the company. Morgan Stanley lowered their price objective on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Barclays lowered their target price on GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Royal Bank of Canada lowered their target price on GoDaddy from $230.00 to $225.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, UBS Group lifted their target price on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Seven equities 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $214.86.

GoDaddy Stock Down 0.2%

Shares of NYSE GDDY traded down $0.31 during midday trading on Monday, hitting $181.84. 1,025,342 shares of the stock traded hands, compared to its average volume of 1,474,561. The company has a market cap of $25.91 billion, a PE ratio of 28.19 and a beta of 1.13. GoDaddy Inc. has a one year low of $135.73 and a one year high of $216.00. The business has a 50 day moving average price of $179.30 and a two-hundred day moving average price of $189.55. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). The firm had revenue of $1.19 billion for 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 company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. On average, equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Activity

In related news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00. Following the transaction, the chief operating officer now owns 257,949 shares of the company's stock, valued at $44,937,295.29. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Mccaffrey sold 37,500 shares of GoDaddy stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $180.95, for a total value of $6,785,625.00. Following the transaction, the chief financial officer now directly owns 77,250 shares in the company, valued at approximately $13,978,387.50. The trade was a 32.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,026 shares of company stock worth $9,611,406 over the last quarter. 0.61% of the stock is currently owned by corporate insiders.

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.