101,407 Shares in GoDaddy Inc. $GDDY Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 101,407 shares of the technology company’s stock, valued at approximately $9,685,000.

Several other large investors have also recently bought and sold shares of the company. Motley Fool Asset Management LLC raised its holdings in GoDaddy by 2.5% in the third quarter. Motley Fool Asset Management LLC now owns 4,073 shares of the technology company’s stock worth $389,000 after purchasing an additional 98 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of GoDaddy by 3.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,318 shares of the technology company’s stock valued at $357,000 after buying an additional 147 shares during the period. International Assets Investment Management LLC grew its holdings in shares of GoDaddy by 93.8% in the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the period. Mather Group LLC. increased its position in shares of GoDaddy by 34.7% in the 3rd quarter. Mather Group LLC. now owns 811 shares of the technology company’s stock valued at $77,000 after buying an additional 209 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of GoDaddy by 24.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,072 shares of the technology company’s stock valued at $91,000 after buying an additional 213 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

GDDY stock opened at $118.65 on Thursday. The stock has a 50-day moving average price of $102.46 and a two-hundred day moving average price of $92.26. The stock has a market cap of $15.03 billion, a PE ratio of 16.23 and a beta of 0.94. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 561.10. GoDaddy Inc. has a 1 year low of $71.59 and a 1 year high of $135.71.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, October 29th. The technology company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.18. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. GoDaddy had a return on equity of 1,200.87% and a net margin of 18.56%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. Equities analysts forecast that GoDaddy Inc. will post 7.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GDDY. Wells Fargo & Company downgraded GoDaddy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $80.00 to $76.00 in a research note on Wednesday, August 26th. B. Riley Financial decreased their target price on GoDaddy from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Weiss Ratings upgraded GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Cantor Fitzgerald raised their price target on GoDaddy from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, October 19th. Finally, Raymond James Financial cut GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 price objective on the stock. in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $113.62.

Insiders Place Their Bets

In other GoDaddy news, Director Leah Sweet sold 325 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.44, for a total transaction of $31,668.00. Following the completion of the transaction, the director owned 13,689 shares of the company’s stock, valued at $1,333,856.16. This represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Phontip Palitwanon sold 530 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total transaction of $53,630.70. Following the transaction, the chief accounting officer directly owned 17,204 shares of the company’s stock, valued at $1,740,872.76. This represents a 2.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,358 shares of company stock worth $3,187,756 in the last 90 days. Company insiders own 0.93% of the company’s stock.

GoDaddy Company Profile

GoDaddy Inc (NYSE: GDDY) is a global technology company that provides online tools and services to entrepreneurs, small businesses and individuals. Its platform helps customers establish, manage and grow an online presence, with offerings that include domain-name registration, website hosting, website and online-store builders, professional email and digital marketing tools.

The company also provides services designed to support commerce and customer engagement, including e-commerce functionality, online appointment scheduling, payments and other business-management capabilities.