Universal Beteiligungs und Servicegesellschaft mbH Acquires 20,285 Shares of GoDaddy Inc. $GDDY

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 17.0% during the 4th quarter, Holdings Channel reports. The fund owned 139,776 shares of the technology company’s stock after buying an additional 20,285 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in GoDaddy were worth $17,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GDDY. Sivia Capital Partners LLC raised its position in GoDaddy by 90.3% in the second quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock worth $589,000 after acquiring an additional 1,552 shares during the period. Cerity Partners LLC raised its position in GoDaddy by 50.0% in the second quarter. Cerity Partners LLC now owns 27,189 shares of the technology company’s stock worth $4,896,000 after acquiring an additional 9,062 shares during the period. Treasurer of the State of North Carolina raised its position in GoDaddy by 83.0% in the second quarter. Treasurer of the State of North Carolina now owns 155,593 shares of the technology company’s stock worth $28,016,000 after acquiring an additional 70,585 shares during the period. Osterweis Capital Management Inc. bought a new position in GoDaddy in the second quarter worth approximately $152,000. Finally, Main Street Financial Solutions LLC raised its position in GoDaddy by 1.0% in the second quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock worth $2,185,000 after acquiring an additional 119 shares during the period. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Stock Up 1.5%

Shares of GDDY stock opened at $86.02 on Friday. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.75 and a beta of 0.98. GoDaddy Inc. has a one year low of $73.06 and a one year high of $193.55. The company’s fifty day moving average price is $85.17 and its 200-day moving average price is $108.36. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.61.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.58 by $0.22. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS. Sell-side analysts expect that GoDaddy Inc. will post 7.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on GDDY. Benchmark decreased their price target on shares of GoDaddy from $240.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Jefferies Financial Group decreased their price target on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. UBS Group decreased their price target on shares of GoDaddy from $145.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley decreased their price target on shares of GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Finally, Citigroup decreased their price objective on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and an average target price of $125.57.

Insider Activity

In other news, CAO Phontip Palitwanon sold 1,310 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $90.15, for a total transaction of $118,096.50. Following the sale, the chief accounting officer directly owned 20,349 shares in the company, valued at $1,834,462.35. This trade represents a 6.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total transaction of $3,038,830.52. Following the sale, the chief executive officer owned 530,120 shares in the company, valued at $47,175,378.80. The trade was a 6.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,918 shares of company stock valued at $5,500,469 over the last 90 days. Company insiders own 0.70% of the company’s stock.

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.