Mitsubishi UFJ Trust & Banking Corp Has $23.05 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 87.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 191,924 shares of the technology company’s stock after buying an additional 89,316 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in GoDaddy were worth $23,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Gulf International Bank UK Ltd grew its holdings in GoDaddy by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 12,030 shares of the technology company’s stock worth $1,427,000 after purchasing an additional 113 shares during the period. Sivia Capital Partners LLC grew its stake in shares of GoDaddy by 3.9% in the 1st quarter. Sivia Capital Partners LLC now owns 3,023 shares of the technology company’s stock valued at $359,000 after buying an additional 113 shares during the period. Ingalls & Snyder LLC grew its stake in shares of GoDaddy by 0.3% in the 4th quarter. Ingalls & Snyder LLC now owns 41,923 shares of the technology company’s stock valued at $4,451,000 after buying an additional 120 shares during the period. GAMMA Investing LLC increased its position in GoDaddy by 102.3% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 133 shares in the last quarter. Finally, Quent Capital LLC raised its stake in GoDaddy by 30.8% during the 4th quarter. Quent Capital LLC now owns 637 shares of the technology company’s stock worth $68,000 after buying an additional 150 shares during the period. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In related news, CAO Nick Daddario sold 523 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total value of $72,221.07. Following the transaction, the chief accounting officer now directly owns 22,666 shares of the company’s stock, valued at approximately $3,129,947.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Roger Chen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.79, for a total value of $559,160.00. Following the transaction, the chief operating officer now owns 192,632 shares in the company, valued at $26,928,027.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Nick Daddario sold 523 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total value of $72,221.07. Following the transaction, the chief accounting officer now directly owns 22,666 shares of the company’s stock, valued at $3,129,947.94. The disclosure for this sale can be found here. Insiders sold 50,071 shares of company stock worth $6,875,606 in the last quarter. 0.61% of the stock is currently owned by company insiders.

GoDaddy Stock Up 0.5 %

GDDY stock traded up $0.76 during trading on Friday, reaching $145.19. The stock had a trading volume of 879,757 shares, compared to its average volume of 2,968,349. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 12.06 and a beta of 1.14. GoDaddy Inc. has a one year low of $69.18 and a one year high of $148.71. The company’s 50 day moving average is $140.12 and its two-hundred day moving average is $124.25.

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

Analysts Set New Price Targets

GDDY has been the subject of a number of research reports. Raymond James started coverage on GoDaddy in a research note on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 price objective for the company. Benchmark restated a “buy” rating and set a $150.00 price target on shares of GoDaddy in a research note on Wednesday, May 1st. William Blair reaffirmed an “outperform” rating on shares of GoDaddy in a research note on Friday, May 3rd. B. Riley lifted their price objective on shares of GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Robert W. Baird upped their target price on shares of GoDaddy from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.25.

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.