GoDaddy Inc. (NYSE:GDDY) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. boosted its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,930 shares of the technology company's stock after purchasing an additional 79,549 shares during the period. APG Asset Management N.V. owned approximately 0.15% of GoDaddy worth $39,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in GoDaddy by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company's stock worth $692,245,000 after acquiring an additional 90,810 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of GoDaddy by 7,083.4% during the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock worth $678,941,000 after buying an additional 3,356,678 shares during the period. Invesco Ltd. grew its stake in GoDaddy by 11.6% during the 4th quarter. Invesco Ltd. now owns 2,913,930 shares of the technology company's stock valued at $575,122,000 after purchasing an additional 304,033 shares during the last quarter. Norges Bank acquired a new position in GoDaddy in the 4th quarter worth approximately $356,038,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of GoDaddy by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 949,691 shares of the technology company's stock worth $187,441,000 after purchasing an additional 26,341 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

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GoDaddy Stock Up 0.2 %

Shares of GDDY stock traded up $0.32 on Monday, reaching $172.32. 491,650 shares of the stock were exchanged, compared to its average volume of 1,552,859. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 26.72 and a beta of 1.19. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The business's 50 day moving average price is $180.85 and its 200 day moving average price is $185.53. GoDaddy Inc. has a twelve month low of $119.76 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. As a group, sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Transactions at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $539,550.00. Following the completion of the sale, the chief executive officer now directly owns 443,947 shares of the company's stock, valued at $79,843,867.95. This represents a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $89,925.00. Following the completion of the transaction, the director now directly owns 21,621 shares in the company, valued at approximately $3,888,536.85. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,000 shares of company stock worth $3,546,970. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GDDY. StockNews.com cut shares of GoDaddy from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their target price on GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Benchmark upped their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, B. Riley lifted their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.20.

GoDaddy Profile

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.