Campbell & CO Investment Adviser LLC Sells 5,258 Shares of GoDaddy Inc. $GDDY

Campbell & CO Investment Adviser LLC reduced its stake in GoDaddy Inc. (NYSE:GDDY) by 33.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,443 shares of the technology company’s stock after selling 5,258 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in GoDaddy were worth $1,429,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. Geode Capital Management LLC increased its position in shares of GoDaddy by 2.2% during the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock valued at $677,726,000 after buying an additional 81,623 shares during the period. WCM Investment Management LLC lifted its holdings in shares of GoDaddy by 5.7% in the second quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock worth $660,979,000 after buying an additional 199,459 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of GoDaddy by 16.5% in the second quarter. JPMorgan Chase & Co. now owns 2,843,056 shares of the technology company’s stock worth $511,921,000 after buying an additional 403,151 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of GoDaddy by 2.3% in the second 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.

GoDaddy Stock Performance

NYSE:GDDY opened at $104.49 on Friday. GoDaddy Inc. has a 1-year low of $104.03 and a 1-year high of $216.00. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50 day moving average of $124.03 and a 200 day moving average of $139.17. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 0.95 and a beta of 0.95.

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

Insider Buying and Selling at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,932 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $886,880.08. Following the transaction, the chief executive officer directly owned 399,133 shares in the company, valued at $51,065,076.02. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the transaction, the director directly owned 19,957 shares in the company, valued at $2,656,476.27. This trade represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 14,115 shares of company stock valued at $1,809,657. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Evercore ISI reduced their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” 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 Friday, October 31st. B. Riley dropped their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Citigroup decreased their target price on GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One investment 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.21.

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.