GoDaddy Inc. $GDDY Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp increased its position in GoDaddy Inc. (NYSE:GDDY) by 48.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,300 shares of the technology company’s stock after purchasing an additional 10,600 shares during the quarter. Alberta Investment Management Corp’s holdings in GoDaddy were worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hemington Wealth Management increased its stake in shares of GoDaddy by 85.9% during the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Penserra Capital Management LLC increased its position in GoDaddy by 14.0% during the 2nd quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock valued at $134,000 after buying an additional 92 shares in the last quarter. NewSquare Capital LLC raised its stake in GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in GoDaddy by 5.6% in the second quarter. Coldstream Capital Management Inc. now owns 1,801 shares of the technology company’s stock worth $324,000 after acquiring an additional 96 shares in the last quarter. Finally, MAI Capital Management grew its stake in shares of GoDaddy by 9.7% in the second quarter. MAI Capital Management now owns 1,127 shares of the technology company’s stock worth $203,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,317 shares of GoDaddy stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $424,376.98. Following the transaction, the chief financial officer owned 66,816 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $886,880.08. Following the completion of the sale, the chief executive officer owned 399,133 shares of the company’s stock, valued at approximately $51,065,076.02. The trade was a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 13,615 shares of company stock valued at $1,743,102. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

GDDY has been the topic of several recent analyst reports. Cantor Fitzgerald cut their target price on GoDaddy from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. UBS Group decreased their target price on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Jefferies Financial Group cut their price target on shares of GoDaddy from $150.00 to $140.00 and set a “hold” rating for the company in a report on Monday, January 5th. Evercore reduced their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, October 31st. Finally, Royal Bank Of Canada set a $70.00 price objective on shares of GoDaddy in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.21.

GoDaddy Trading Down 2.1%

NYSE:GDDY opened at $88.65 on Friday. GoDaddy Inc. has a 1 year low of $87.13 and a 1 year high of $193.55. The business has a fifty day moving average of $109.44 and a 200-day moving average of $127.42. The company has a debt-to-equity ratio of 41.06, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.82 and a beta of 0.94.

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.