GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in GoDaddy Inc. (NYSE:GDDY) by 73.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,275 shares of the technology company’s stock after acquiring an additional 81,145 shares during the period. Teacher Retirement System of Texas’ holdings in GoDaddy were worth $37,752,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GDDY. Anchor Investment Management LLC purchased a new stake in shares of GoDaddy during the third quarter worth about $31,000. Versant Capital Management Inc purchased a new stake in shares of GoDaddy during the fourth quarter worth about $43,000. Rakuten Securities Inc. increased its stake 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 purchasing an additional 165 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of GoDaddy during the fourth quarter worth about $49,000. Finally, OFI Invest Asset Management purchased a new stake in shares of GoDaddy during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GDDY shares. Jefferies Financial Group boosted their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a research note on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective for the company. Morgan Stanley upped their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Raymond James upped their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Citigroup upped their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the sale, the director now directly owns 23,121 shares in the company, valued at $4,601,310.21. This represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $597,030.00. Following the sale, the chief executive officer now owns 333,153 shares in the company, valued at approximately $66,300,778.53. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,480 shares of company stock worth $3,816,029. 0.61% of the stock is currently owned by insiders.

GoDaddy Stock Performance

NYSE:GDDY opened at $180.72 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 28.02 and a beta of 1.25. The company’s 50-day moving average is $191.62 and its two-hundred day moving average is $182.88. GoDaddy Inc. has a 1-year low of $118.39 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

GoDaddy Company 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.