149,773 Shares in GoDaddy Inc. $GDDY Purchased by Strive Asset Management LLC

Strive Asset Management LLC bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the third quarter, Holdings Channel.com reports. The firm bought 149,773 shares of the technology company’s stock, valued at approximately $20,493,000. GoDaddy accounts for 0.7% of Strive Asset Management LLC’s portfolio, making the stock its 13th largest position.

Several other large investors also recently made changes to their positions in the company. Elo Mutual Pension Insurance Co raised its holdings in shares of GoDaddy by 53.5% during the third quarter. Elo Mutual Pension Insurance Co now owns 26,264 shares of the technology company’s stock valued at $3,594,000 after buying an additional 9,155 shares during the last quarter. American Century Companies Inc. increased its position in GoDaddy by 130.5% in the 3rd quarter. American Century Companies Inc. now owns 151,432 shares of the technology company’s stock valued at $20,720,000 after acquiring an additional 85,733 shares during the period. Aster Capital Management DIFC Ltd raised its stake in GoDaddy by 184.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,668 shares of the technology company’s stock valued at $365,000 after acquiring an additional 1,730 shares in the last quarter. Handelsbanken Fonder AB boosted its position in GoDaddy by 23.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 42,500 shares of the technology company’s stock worth $5,815,000 after acquiring an additional 8,200 shares during the period. Finally, Banco Santander S.A. grew its stake in shares of GoDaddy by 36.0% in the third quarter. Banco Santander S.A. now owns 11,142 shares of the technology company’s stock worth $1,525,000 after purchasing an additional 2,952 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GDDY shares. Raymond James Financial restated a “strong-buy” rating and set a $100.00 price objective on shares of GoDaddy in a research note on Wednesday, February 25th. Barclays dropped their price target 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. Cantor Fitzgerald decreased their price objective on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Morgan Stanley dropped their target price on GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, Benchmark decreased their price target on GoDaddy from $240.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.93.

GoDaddy Trading Up 1.3%

Shares of NYSE:GDDY opened at $88.26 on Tuesday. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.80 and a beta of 0.96. GoDaddy Inc. has a 1-year low of $73.06 and a 1-year high of $193.55. The company has a 50 day moving average price of $104.08 and a 200 day moving average price of $124.27.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.22. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 EPS. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Activity at GoDaddy

In related news, CAO Phontip Palitwanon sold 2,397 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total value of $307,870.68. Following the completion of the transaction, the chief accounting officer owned 17,055 shares in the company, valued at $2,190,544.20. This trade represents a 12.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy Company 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.