Teachers Retirement System of The State of Kentucky Makes New $5.85 Million Investment in GoDaddy Inc. (NYSE:GDDY)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 82,591 shares of the technology company’s stock, valued at approximately $5,854,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new position in shares of GoDaddy in the third quarter valued at approximately $390,000. The Manufacturers Life Insurance Company grew its holdings in shares of GoDaddy by 17.8% in the third quarter. The Manufacturers Life Insurance Company now owns 9,482 shares of the technology company’s stock valued at $672,000 after acquiring an additional 1,434 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of GoDaddy by 10.9% in the third quarter. Guggenheim Capital LLC now owns 6,039 shares of the technology company’s stock valued at $428,000 after acquiring an additional 596 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of GoDaddy in the third quarter valued at approximately $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of GoDaddy by 37.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,075 shares of the technology company’s stock valued at $4,896,000 after acquiring an additional 18,705 shares in the last quarter. 97.32% of the stock is owned by institutional investors.

GoDaddy Stock Up 0.2 %

NYSE:GDDY opened at $73.14 on Friday. The business’s 50-day moving average price is $77.86 and its two-hundred day moving average price is $75.86. GoDaddy Inc. has a twelve month low of $64.65 and a twelve month high of $88.32. The stock has a market cap of $11.25 billion, a P/E ratio of 33.25, a PEG ratio of 1.79 and a beta of 0.97.

GoDaddy (NYSE:GDDY – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The technology company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. GoDaddy had a negative return on equity of 93.48% and a net margin of 8.61%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. On average, equities research analysts expect that GoDaddy Inc. will post 2.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on GoDaddy in a report on Thursday. They issued a “buy” rating for the company. Jefferies Financial Group downgraded GoDaddy from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Monday, January 9th. Raymond James upped their price target on GoDaddy from $88.00 to $94.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 15th. Barclays cut their price target on GoDaddy from $104.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, February 15th. Finally, Evercore ISI upgraded GoDaddy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $86.00 to $103.00 in a research note on Wednesday, January 18th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.89.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CAO Nick Daddario sold 806 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $84.16, for a total value of $67,832.96. Following the sale, the chief accounting officer now owns 14,649 shares of the company’s stock, valued at approximately $1,232,859.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Nick Daddario sold 806 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $84.16, for a total transaction of $67,832.96. Following the transaction, the chief accounting officer now directly owns 14,649 shares in the company, valued at approximately $1,232,859.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michele Lau sold 344 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $84.26, for a total value of $28,985.44. Following the transaction, the insider now owns 62,209 shares in the company, valued at $5,241,730.34. The disclosure for this sale can be found here. Insiders have sold a total of 29,484 shares of company stock valued at $2,237,822 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

About GoDaddy

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GoDaddy, Inc engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. It operates through the Applications and Commerce (A and C) and Core Platform (Core) segments. The A and C segment consists of sales of products containing proprietary software, commerce products and third-party email and productivity solutions.