9,689 Shares in GoDaddy Inc. $GDDY Bought by Versor Investments LP

Versor Investments LP acquired a new position in GoDaddy Inc. (NYSE:GDDY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,689 shares of the technology company’s stock, valued at approximately $1,326,000.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of GoDaddy by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock worth $3,378,310,000 after purchasing an additional 627,923 shares during the period. Geode Capital Management LLC boosted its holdings in GoDaddy by 2.2% during the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock worth $677,726,000 after buying an additional 81,623 shares in the last quarter. WCM Investment Management LLC grew its position in GoDaddy by 1.8% during the third quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company’s stock worth $529,395,000 after buying an additional 66,144 shares during the period. JPMorgan Chase & Co. increased its holdings in GoDaddy by 16.5% in the second quarter. JPMorgan Chase & Co. now owns 2,843,056 shares of the technology company’s stock valued at $511,921,000 after buying an additional 403,151 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of GoDaddy by 2.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,403,902 shares of the technology company’s stock valued at $432,847,000 after acquiring an additional 54,438 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 6,932 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $886,880.08. Following the completion of the transaction, the chief executive officer owned 399,133 shares of the company’s stock, valued at $51,065,076.02. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 2,397 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the transaction, the chief accounting officer directly owned 17,055 shares in the company, valued at $2,190,544.20. The trade was a 12.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 13,615 shares of company stock valued at $1,743,102. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

GDDY has been the topic of a number of research reports. Jefferies Financial Group lowered their price target on GoDaddy from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Monday, January 5th. Evercore lowered their target price on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. dropped their price target on GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research report on Wednesday, January 28th. Finally, UBS Group lowered their price objective on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and a consensus price target of $166.21.

GoDaddy Stock Up 1.0%

Shares of NYSE:GDDY opened at $98.16 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 41.06. GoDaddy Inc. has a 52-week low of $92.22 and a 52-week high of $213.87. The stock’s fifty day simple moving average is $115.46 and its 200-day simple moving average is $131.01. The company has a market capitalization of $13.27 billion, a P/E ratio of 16.95, a P/E/G ratio of 0.88 and a beta of 0.94.

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.