State of New Jersey Common Pension Fund D Purchases 162 Shares of GoDaddy Inc. (NYSE:GDDY)

State of New Jersey Common Pension Fund D boosted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,043 shares of the technology company’s stock after purchasing an additional 162 shares during the period. State of New Jersey Common Pension Fund D’s holdings in GoDaddy were worth $9,680,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth about $27,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth about $31,000. Versant Capital Management Inc acquired a new position in shares of GoDaddy during the 4th quarter worth about $43,000. Huntington National Bank boosted its stake in shares of GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after buying an additional 230 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of GoDaddy during the 4th quarter worth about $49,000. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In other news, CAO Phontip Palitwanon sold 770 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $151,412.80. Following the transaction, the chief accounting officer now directly owns 23,059 shares of the company’s stock, valued at approximately $4,534,321.76. This trade represents a 3.23 % 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 hyperlink. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,482 shares of company stock valued at $4,709,650 in the last three months. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group increased their price objective 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. Royal Bank of Canada restated an “outperform” rating and set a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Raymond James increased their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, UBS Group raised their target price on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Stock Down 0.7 %

GoDaddy stock opened at $180.93 on Wednesday. The stock has a market cap of $25.40 billion, a P/E ratio of 13.98 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a twelve month low of $108.02 and a twelve month high of $216.00. The company’s 50-day moving average price is $203.78 and its two-hundred day moving average price is $180.59.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. As a group, analysts expect that GoDaddy Inc. will post 4.96 EPS for the current year.

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.