Tokio Marine Asset Management Co. Ltd. Acquires 200 Shares of GoDaddy Inc. (NYSE:GDDY)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,434 shares of the technology company’s stock after buying an additional 200 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in GoDaddy were worth $1,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GDDY. Creative Planning raised its stake in shares of GoDaddy by 88.6% during the second quarter. Creative Planning now owns 10,019 shares of the technology company’s stock worth $1,400,000 after buying an additional 4,707 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of GoDaddy by 214.2% during the second quarter. NewEdge Advisors LLC now owns 9,105 shares of the technology company’s stock worth $1,272,000 after buying an additional 6,207 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of GoDaddy during the second quarter worth approximately $245,000. Truist Financial Corp grew its holdings in GoDaddy by 1.1% during the second quarter. Truist Financial Corp now owns 35,534 shares of the technology company’s stock valued at $4,964,000 after purchasing an additional 393 shares during the period. Finally, Cetera Investment Advisers grew its holdings in GoDaddy by 10.9% during the second quarter. Cetera Investment Advisers now owns 17,962 shares of the technology company’s stock valued at $2,509,000 after purchasing an additional 1,764 shares during the period. 90.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th. Benchmark boosted their price objective on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Raymond James boosted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company assumed coverage on shares of GoDaddy in a report on Monday. They issued an “equal weight” rating and a $198.00 price target for the company. Finally, Jefferies Financial Group upped their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $198.07.

Insiders Place Their Bets

In other news, Director Brian Sharples sold 500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the transaction, the director now directly owns 24,121 shares of the company’s stock, valued at $4,317,659. This represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00. Following the completion of the transaction, the chief operating officer now directly owns 185,632 shares in the company, valued at $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,483 shares of company stock valued at $4,256,183. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Stock Performance

Shares of GDDY stock opened at $212.65 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The company’s fifty day simple moving average is $202.89 and its 200-day simple moving average is $175.88. GoDaddy Inc. has a 12 month low of $107.47 and a 12 month high of $216.00. The firm has a market cap of $29.85 billion, a PE ratio of 16.43 and a beta of 1.15.

GoDaddy Profile

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.