Aurora Investment Counsel Buys New Holdings in GoDaddy Inc. $GDDY

Aurora Investment Counsel purchased a new position in GoDaddy Inc. (NYSE:GDDY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,362 shares of the technology company’s stock, valued at approximately $1,965,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC grew its holdings in shares of GoDaddy by 170.9% in the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Hemington Wealth Management grew its holdings in GoDaddy by 85.9% in the 3rd 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 purchased a new position in shares of GoDaddy in the third quarter valued at about $31,000. Rossby Financial LCC raised its stake in shares of GoDaddy by 125.4% during the third quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock valued at $38,000 after acquiring an additional 158 shares during the last quarter. Finally, Bayforest Capital Ltd boosted 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 purchasing an additional 208 shares during the period. Institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GDDY shares. UBS Group cut their price objective on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Morgan Stanley cut their price target on shares of GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Evercore reduced their price objective 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. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Finally, Citigroup cut their target price on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $166.21.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 2,397 shares of GoDaddy stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total transaction of $307,870.68. Following the completion of the transaction, the chief accounting officer owned 17,055 shares in the company, valued at approximately $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was 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 directly owned 399,133 shares in the company, valued at $51,065,076.02. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,615 shares of company stock valued at $1,743,102. Corporate insiders own 0.70% of the company’s stock.

GoDaddy Stock Performance

Shares of GoDaddy stock opened at $90.56 on Friday. GoDaddy Inc. has a 12 month low of $87.13 and a 12 month high of $193.55. The firm has a market capitalization of $12.24 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 41.06. The business has a fifty day simple moving average of $108.75 and a two-hundred day simple moving average of $126.77.

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.