Jump Financial LLC Purchases New Shares in GoDaddy Inc. (NYSE:GDDY)

Jump Financial LLC acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,754 shares of the technology company’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GDDY. Louisiana State Employees Retirement System acquired a new stake in GoDaddy in the 4th quarter worth about $4,204,000. International Assets Investment Management LLC acquired a new stake in shares of GoDaddy in the fourth quarter valued at approximately $1,972,000. SG Americas Securities LLC boosted its stake in shares of GoDaddy by 644.6% in the fourth quarter. SG Americas Securities LLC now owns 149,643 shares of the technology company’s stock valued at $15,886,000 after buying an additional 129,547 shares during the period. Horrell Capital Management Inc. grew its position in GoDaddy by 41.7% during the fourth quarter. Horrell Capital Management Inc. now owns 68,000 shares of the technology company’s stock worth $7,219,000 after buying an additional 20,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in GoDaddy during the 4th quarter worth $773,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of GoDaddy in a research report on Friday, May 3rd. Benchmark reiterated a “buy” rating and set a $150.00 price objective on shares of GoDaddy in a research note on Wednesday, May 1st. Royal Bank of Canada boosted their target price on shares of GoDaddy from $124.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. StockNews.com raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GoDaddy from $128.00 to $136.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

GoDaddy Stock Performance

NYSE GDDY opened at $140.14 on Friday. The firm’s fifty day moving average price is $126.30 and its two-hundred day moving average price is $112.81. The stock has a market cap of $20.00 billion, a PE ratio of 11.64 and a beta of 1.09. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55 and a current ratio of 0.55. GoDaddy Inc. has a fifty-two week low of $69.18 and a fifty-two week high of $141.27.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.08. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. On average, equities analysts expect that GoDaddy Inc. will post 4.81 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $114.11, for a total value of $456,440.00. Following the completion of the transaction, the chief operating officer now owns 208,632 shares in the company, valued at approximately $23,806,997.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Mark Mccaffrey sold 624 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total value of $75,397.92. Following the completion of the sale, the chief financial officer now owns 116,328 shares of the company’s stock, valued at $14,055,912.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Roger Chen sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $114.11, for a total value of $456,440.00. Following the transaction, the chief operating officer now owns 208,632 shares of the company’s stock, valued at $23,806,997.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,292 shares of company stock worth $14,567,860. Insiders own 0.54% of the company’s stock.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.