United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $10.38 Million Investment in GoDaddy Inc. $GDDY

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the fourth quarter, HoldingsChannel.com reports. The firm bought 83,684 shares of the technology company’s stock, valued at approximately $10,384,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. boosted its holdings in GoDaddy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company’s stock worth $258,000 after buying an additional 86 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in GoDaddy by 0.9% during the third quarter. Clearstead Advisors LLC now owns 12,324 shares of the technology company’s stock worth $1,686,000 after buying an additional 104 shares during the last quarter. Main Street Financial Solutions LLC boosted its holdings in GoDaddy by 1.0% during the second quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock worth $2,185,000 after buying an additional 119 shares during the last quarter. Martin Capital Advisors LLP boosted its holdings in GoDaddy by 1.5% during the fourth quarter. Martin Capital Advisors LLP now owns 9,082 shares of the technology company’s stock worth $1,127,000 after buying an additional 130 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in GoDaddy by 18.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 832 shares of the technology company’s stock worth $103,000 after buying an additional 132 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on GoDaddy from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. UBS Group assumed coverage on GoDaddy in a report on Tuesday, May 5th. They set a “neutral” rating and a $100.00 price objective on the stock. Cantor Fitzgerald cut their price objective on GoDaddy from $130.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Evercore set a $95.00 price objective on GoDaddy in a report on Wednesday, February 25th. Finally, Wells Fargo & Company lifted their price objective on GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and a consensus price target of $120.57.

GoDaddy Trading Down 1.8%

NYSE GDDY opened at $85.82 on Friday. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 0.79 and a beta of 0.92. The stock’s 50 day moving average price is $85.24 and its two-hundred day moving average price is $101.25. The company has a debt-to-equity ratio of 15.86, a quick ratio of 0.67 and a current ratio of 0.67. GoDaddy Inc. has a 52 week low of $73.06 and a 52 week high of $183.34.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.53 by $0.07. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 EPS. As a group, analysts anticipate that GoDaddy Inc. will post 7.17 earnings per share for the current fiscal year.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Leah Sweet sold 650 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $86.86, for a total value of $56,459.00. Following the sale, the director owned 11,414 shares in the company, valued at approximately $991,420.04. The trade was a 5.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total value of $3,038,830.52. Following the completion of the sale, the chief executive officer owned 530,120 shares in the company, valued at $47,175,378.80. The trade was a 6.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 61,946 shares of company stock worth $5,502,965. 0.93% of the stock is currently owned by insiders.

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.