Assenagon Asset Management S.A. Raises Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Assenagon Asset Management S.A. boosted its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,110 shares of the technology company's stock after purchasing an additional 5,955 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of GoDaddy worth $17,588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wedge Capital Management L L P NC raised its stake in shares of GoDaddy by 2,279.5% in the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company's stock worth $62,908,000 after purchasing an additional 384,386 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of GoDaddy by 3,227.3% in the third quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company's stock valued at $56,709,000 after purchasing an additional 350,839 shares during the last quarter. FMR LLC boosted its holdings in GoDaddy by 19.8% during the third quarter. FMR LLC now owns 1,660,283 shares of the technology company's stock worth $260,299,000 after purchasing an additional 274,014 shares during the last quarter. Dimensional Fund Advisors LP grew its position in GoDaddy by 37.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company's stock worth $120,305,000 after purchasing an additional 235,934 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of GoDaddy during the 2nd quarter worth approximately $30,785,000. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Activity

In other news, CFO Mark Mccaffrey sold 480 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20. Following the sale, the chief financial officer now directly owns 83,254 shares of the company's stock, valued at $16,758,197.66. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the sale, the chief operating officer now directly owns 185,632 shares of the company's stock, valued at approximately $34,119,161.60. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,483 shares of company stock valued at $4,759,553. Corporate insiders own 0.61% of the company's stock.

GoDaddy Stock Up 0.0 %

Shares of GoDaddy stock traded up $0.04 during trading on Friday, hitting $200.89. The company's stock had a trading volume of 1,308,296 shares, compared to its average volume of 824,890. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The company has a fifty day simple moving average of $198.80 and a two-hundred day simple moving average of $170.99. GoDaddy Inc. has a 52 week low of $106.32 and a 52 week high of $211.11. The company has a market capitalization of $28.20 billion, a PE ratio of 15.52 and a beta of 1.15.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the firm earned $0.89 EPS. The company's revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GDDY. Royal Bank of Canada restated an "outperform" rating and set a $230.00 price target (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Robert W. Baird raised their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Citigroup increased their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on GoDaddy from $175.00 to $224.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, B. Riley upped their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $194.14.

GoDaddy Company 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.