Bessemer Group Inc. lifted its stake in shares of Godaddy Inc (NYSE:GDDY) by 19.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,575 shares of the technology company’s stock after buying an additional 3,457 shares during the period. Bessemer Group Inc.’s holdings in Godaddy were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of Godaddy by 49.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after buying an additional 1,213 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Godaddy by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after buying an additional 397 shares during the period. Comerica Bank purchased a new position in shares of Godaddy during the third quarter valued at about $267,000. Janus Henderson Group PLC purchased a new position in shares of Godaddy during the third quarter valued at about $278,000. Finally, First Quadrant L P CA purchased a new position in shares of Godaddy during the fourth quarter valued at about $364,000. Institutional investors own 84.66% of the company’s stock.

In other news, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $52.97, for a total transaction of $1,853,950.00. Following the sale, the insider now owns 46,113 shares in the company, valued at $2,442,605.61. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Scott Wagner sold 125,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $47.12, for a total transaction of $5,890,000.00. Following the sale, the chief operating officer now owns 128,106 shares in the company, valued at approximately $6,036,354.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,828,121 shares of company stock worth $370,691,193. Corporate insiders own 22.68% of the company’s stock.

Shares of Godaddy Inc (GDDY) opened at $51.36 on Friday. Godaddy Inc has a fifty-two week low of $34.58 and a fifty-two week high of $56.20. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. The company has a market cap of $8,550.00 and a P/E ratio of 395.08.

Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. Godaddy had a net margin of 2.34% and a return on equity of 7.89%. sell-side analysts forecast that Godaddy Inc will post 0.27 EPS for the current year.

GDDY has been the topic of a number of recent research reports. Jefferies Group upped their price objective on shares of Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. B. Riley restated a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a report on Wednesday, January 3rd. Oppenheimer restated a “buy” rating on shares of Godaddy in a report on Monday, November 20th. TheStreet upgraded shares of Godaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Finally, Wedbush initiated coverage on shares of Godaddy in a report on Friday, December 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Godaddy currently has a consensus rating of “Buy” and a consensus target price of $51.80.

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Godaddy Profile

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.

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Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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