GoDaddy Inc. (NYSE:GDDY) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its position in shares of GoDaddy Inc. (NYSE:GDDY) by 45.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,306 shares of the technology company’s stock after acquiring an additional 4,165 shares during the quarter. Mizuho Securities USA LLC’s holdings in GoDaddy were worth $2,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in GoDaddy in the 3rd quarter valued at $31,000. Versant Capital Management Inc purchased a new stake in shares of GoDaddy during the fourth quarter worth $43,000. Rakuten Securities Inc. grew its holdings in shares of GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 165 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $49,000. Finally, OFI Invest Asset Management purchased a new position in shares of GoDaddy in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

GoDaddy stock opened at $183.65 on Tuesday. The company’s 50 day simple moving average is $191.17 and its 200-day simple moving average is $183.53. 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 Inc. has a 1 year low of $118.39 and a 1 year high of $216.00. The company has a market capitalization of $25.96 billion, a price-to-earnings ratio of 28.47 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. As a group, equities research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on GDDY shares. StockNews.com downgraded shares of GoDaddy from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Benchmark increased their price target on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Citigroup boosted their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised their target price on GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Barclays boosted their price target on shares of GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $174.21, for a total transaction of $174,210.00. Following the sale, the chief operating officer now directly owns 257,949 shares in the company, valued at $44,937,295.29. This represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the transaction, the director now owns 22,621 shares of the company’s stock, valued at approximately $4,698,381.70. This trade represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,816,029 in the last three months. 0.61% of the stock is owned by company insiders.

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.