Sivia Capital Partners LLC Acquires 6,461 Shares of GoDaddy Inc. $GDDY

Sivia Capital Partners LLC increased its holdings in GoDaddy Inc. (NYSE:GDDY) by 334.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,391 shares of the technology company’s stock after acquiring an additional 6,461 shares during the quarter. Sivia Capital Partners LLC’s holdings in GoDaddy were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of GoDaddy by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 18,912,182 shares of the technology company’s stock worth $2,587,754,000 after acquiring an additional 150,045 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of GoDaddy by 47.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock worth $483,360,000 after acquiring an additional 1,128,646 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of GoDaddy by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,896,867 shares of the technology company’s stock worth $396,378,000 after acquiring an additional 53,811 shares in the last quarter. Norges Bank purchased a new stake in GoDaddy during the 4th quarter valued at about $250,020,000. Finally, Two Sigma Investments LP grew its position in GoDaddy by 99.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,631,100 shares of the technology company’s stock valued at $223,183,000 after purchasing an additional 814,360 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GDDY has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of GoDaddy from $200.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. UBS Group initiated coverage on shares of GoDaddy in a research report on Tuesday, May 5th. They set a “neutral” rating and a $100.00 price objective on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $100.00 price objective on shares of GoDaddy in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of GoDaddy from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Finally, Barclays cut their price objective on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.57.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $84.11 on Thursday. The firm’s 50-day moving average price is $85.54 and its 200-day moving average price is $100.02. 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 company has a market cap of $11.14 billion, a PE ratio of 13.31, a PEG ratio of 0.80 and a beta of 0.90. GoDaddy Inc. has a 52-week low of $73.06 and a 52-week high of $183.34.

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

Insider Transactions at GoDaddy

In other news, Director Sigal Zarmi sold 350 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $87.84, for a total value of $30,744.00. Following the transaction, the director owned 5,708 shares in the company, valued at $501,390.72. This represents a 5.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Phontip Palitwanon sold 1,310 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $90.15, for a total transaction of $118,096.50. Following the completion of the transaction, the chief accounting officer owned 20,349 shares in the company, valued at $1,834,462.35. This trade represents a 6.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,688 shares of company stock worth $151,337. Insiders own 0.93% of the company’s stock.

GoDaddy Profile

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.