American Century Companies Inc. Buys 85,733 Shares of GoDaddy Inc. $GDDY

American Century Companies Inc. lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 130.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 151,432 shares of the technology company’s stock after buying an additional 85,733 shares during the quarter. American Century Companies Inc. owned about 0.11% of GoDaddy worth $20,720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hemington Wealth Management lifted its position in GoDaddy by 85.9% during the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after acquiring an additional 85 shares during the last quarter. Root Financial Partners LLC bought a new position in GoDaddy during the 3rd quarter worth $31,000. Rossby Financial LCC lifted its holdings in shares of GoDaddy by 125.4% during the third quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of GoDaddy by 141.5% during the third quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock worth $49,000 after buying an additional 208 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in shares of GoDaddy in the third quarter valued at about $61,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Phontip Palitwanon sold 766 shares of GoDaddy stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $87.83, for a total value of $67,277.78. Following the transaction, the chief accounting officer owned 21,659 shares in the company, valued at approximately $1,902,309.97. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 17,406 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total value of $1,548,959.94. Following the transaction, the chief financial officer directly owned 113,003 shares of the company’s stock, valued at $10,056,136.97. This trade represents a 13.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 63,005 shares of company stock worth $5,690,243. 0.70% of the stock is owned by company insiders.

GoDaddy Trading Down 2.3%

GDDY opened at $91.78 on Tuesday. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.86 and a beta of 0.96. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 17.50. GoDaddy Inc. has a twelve month low of $73.06 and a twelve month high of $193.55. The company has a 50-day simple moving average of $100.54 and a 200 day simple moving average of $122.37.

GoDaddy (NYSE:GDDY) last released its earnings results 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 analyst estimates of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. Analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

GDDY has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on shares of GoDaddy from $145.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Benchmark decreased their target price 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 lowered their target price on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research report on Wednesday, January 28th. Finally, Evercore set a $95.00 price target on GoDaddy in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.93.

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.