Kapitalo Investimentos Ltda Sells 3,351 Shares of GoDaddy Inc. (NYSE:GDDY)

Kapitalo Investimentos Ltda lessened its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 78.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 929 shares of the technology company's stock after selling 3,351 shares during the quarter. Kapitalo Investimentos Ltda's holdings in GoDaddy were worth $183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Anchor Investment Management LLC bought a new stake in shares of GoDaddy during the third quarter worth approximately $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the 4th quarter valued at $43,000. Rakuten Securities Inc. grew its holdings in GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after buying an additional 165 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of GoDaddy during the fourth quarter worth $49,000. Finally, OFI Invest Asset Management bought a new stake in shares of GoDaddy in the fourth quarter valued at about $52,000. Institutional investors own 90.28% of the company's stock.

Analysts Set New Price Targets

GDDY has been the subject of several analyst reports. Citigroup dropped their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company started coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target for the company. Morgan Stanley lowered their price objective on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. upped their target price on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, UBS Group raised their price target on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and an average target price of $208.93.

GoDaddy Price Performance

GDDY traded down $16.09 on Friday, reaching $176.27. The stock had a trading volume of 3,239,351 shares, compared to its average volume of 1,479,042. 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 company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 27.33 and a beta of 1.19. GoDaddy Inc. has a fifty-two week low of $122.04 and a fifty-two week high of $216.00. The firm has a 50-day moving average of $176.43 and a 200-day moving average of $187.10.

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

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total value of $171,750.00. Following the sale, the chief operating officer now directly owns 256,949 shares of the company's stock, valued at approximately $44,130,990.75. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $623,100.00. Following the transaction, the chief executive officer now directly owns 330,153 shares of the company's stock, valued at $68,572,778.10. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,000 shares of company stock worth $3,518,150. Company insiders own 0.61% of the company's stock.

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.