WINTON GROUP Ltd Purchases New Holdings in GoDaddy Inc. $GDDY

WINTON GROUP Ltd purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 31,357 shares of the technology company’s stock, valued at approximately $5,646,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDDY. Norges Bank acquired a new position in GoDaddy during the second quarter worth $341,588,000. Goldman Sachs Group Inc. grew its position in shares of GoDaddy by 257.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock valued at $402,946,000 after acquiring an additional 1,610,890 shares during the period. JPMorgan Chase & Co. increased its stake in shares of GoDaddy by 41.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock worth $439,525,000 after purchasing an additional 710,842 shares during the last quarter. Vanguard Group Inc. lifted its stake in GoDaddy by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock valued at $3,378,310,000 after purchasing an additional 627,923 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in GoDaddy during the second quarter worth about $81,153,000. Institutional investors own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GDDY shares. Evercore ISI dropped their price objective on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Citigroup dropped their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $150.00 target price on shares of GoDaddy in a research note on Friday, October 31st. Finally, Wells Fargo & Company lowered their price target on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and a consensus price target of $181.14.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $128.43 on Monday. The stock has a market capitalization of $17.36 billion, a PE ratio of 22.18, a P/E/G ratio of 1.43 and a beta of 0.95. GoDaddy Inc. has a fifty-two week low of $121.94 and a fifty-two week high of $216.00. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57. The business has a fifty day moving average price of $130.85 and a two-hundred day moving average price of $151.15.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 231.34%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. As a group, equities analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mark Mccaffrey sold 3,317 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $424,376.98. Following the completion of the sale, the chief financial officer directly owned 66,816 shares in the company, valued at $8,548,439.04. This represents a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Phontip Palitwanon sold 969 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $123,973.86. Following the completion of the sale, the chief accounting officer directly owned 19,452 shares in the company, valued at $2,488,688.88. This trade represents a 4.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 19,218 shares of company stock valued at $2,615,781. Corporate insiders own 0.70% of the company’s stock.

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.