Pacer Advisors Inc. Raises Holdings in GoDaddy Inc. $GDDY

Pacer Advisors Inc. lifted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 17.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 752,624 shares of the technology company’s stock after purchasing an additional 110,976 shares during the period. Pacer Advisors Inc.’s holdings in GoDaddy were worth $102,982,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in GoDaddy during the second quarter worth approximately $341,588,000. Goldman Sachs Group Inc. boosted its holdings in shares of GoDaddy by 257.3% in the first 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. Qube Research & Technologies Ltd grew its position in shares of GoDaddy by 2,289.5% during the second quarter. Qube Research & Technologies Ltd now owns 873,626 shares of the technology company’s stock worth $157,305,000 after acquiring an additional 837,065 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 627,923 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of GoDaddy in the 2nd quarter valued at $81,153,000. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $127.15 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 41.06. The company has a 50-day moving average price of $128.70 and a 200 day moving average price of $146.18. GoDaddy Inc. has a 52 week low of $121.94 and a 52 week high of $216.00. The company has a market cap of $17.18 billion, a P/E ratio of 21.96, a PEG ratio of 1.42 and a beta of 0.95.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $1.32 earnings per share. GoDaddy’s revenue was up 10.3% compared to the same quarter last year. Research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on GDDY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research note on Friday, October 31st. UBS Group reduced their target price on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Wells Fargo & Company lowered their price target on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $150.00 price target on shares of GoDaddy in a research report on Friday, October 31st. Finally, Evercore ISI decreased their price objective on GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average price target of $181.14.

Insider Buying and Selling at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,317 shares of the firm’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 transaction of $424,376.98. Following the completion of the transaction, the chief financial officer directly owned 66,816 shares of the company’s stock, valued at $8,548,439.04. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $133.11, for a total value of $66,555.00. Following the transaction, the director owned 19,957 shares of the company’s stock, valued at $2,656,476.27. This represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,615 shares of company stock worth $1,877,942. 0.70% of the stock is currently owned by insiders.

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.