Thrivent Financial for Lutherans Has $4.94 Million Position in GoDaddy Inc. $GDDY

Thrivent Financial for Lutherans lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 212.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,702 shares of the technology company’s stock after acquiring an additional 26,987 shares during the period. Thrivent Financial for Lutherans’ holdings in GoDaddy were worth $4,935,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Baader Bank Aktiengesellschaft acquired a new position in shares of GoDaddy during the 4th quarter valued at $522,000. Allworth Financial LP raised its holdings in GoDaddy by 76.1% during the fourth quarter. Allworth Financial LP now owns 3,603 shares of the technology company’s stock worth $447,000 after buying an additional 1,557 shares during the last quarter. Versor Investments LP raised its holdings in GoDaddy by 47.7% during the fourth quarter. Versor Investments LP now owns 14,314 shares of the technology company’s stock worth $1,776,000 after buying an additional 4,625 shares during the last quarter. ABC Arbitrage SA acquired a new position in GoDaddy during the fourth quarter worth $292,000. Finally, Swiss Life Asset Management Ltd raised its holdings in GoDaddy by 231.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 72,327 shares of the technology company’s stock worth $8,974,000 after buying an additional 50,512 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 17,406 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total transaction of $1,548,959.94. Following the completion of the transaction, the chief financial officer owned 113,003 shares in the company, valued at $10,056,136.97. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total transaction of $3,038,830.52. Following the transaction, the chief executive officer owned 530,120 shares of the company’s stock, valued at $47,175,378.80. This represents a 6.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,946 shares of company stock worth $5,502,965 over the last ninety days. Company insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GDDY. Royal Bank Of Canada lowered their price objective on shares of GoDaddy from $200.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Jefferies Financial Group reduced their target price on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Wells Fargo & Company upped their target price on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Evercore set a $95.00 price target on shares of GoDaddy in a research report on Wednesday, February 25th. Finally, Barclays reduced their price target on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.57.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $91.60 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86. The firm has a market capitalization of $12.13 billion, a PE ratio of 14.49, a P/E/G ratio of 0.83 and a beta of 0.92. GoDaddy Inc. has a twelve month low of $73.06 and a twelve month high of $184.95. The company has a 50-day moving average price of $84.70 and a two-hundred day moving average price of $102.83.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $1.51 earnings per share. Equities analysts forecast that GoDaddy Inc. will post 7.17 EPS for the current year.

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.