B. Metzler seel. Sohn & Co. AG lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 60.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,824 shares of the technology company's stock after purchasing an additional 1,815 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in GoDaddy were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in GoDaddy by 2.2% during the 3rd quarter. State Street Corp now owns 6,892,134 shares of the technology company's stock valued at $1,080,549,000 after purchasing an additional 147,105 shares during the period. Geode Capital Management LLC raised its position in GoDaddy by 2.5% during the third quarter. Geode Capital Management LLC now owns 3,423,622 shares of the technology company's stock valued at $535,153,000 after buying an additional 84,550 shares during the period. WCM Investment Management LLC lifted its stake in GoDaddy by 7,083.4% in the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock worth $678,941,000 after acquiring an additional 3,356,678 shares in the last quarter. Norges Bank acquired a new stake in GoDaddy during the 4th quarter worth about $356,038,000. Finally, Bank of New York Mellon Corp grew its stake in GoDaddy by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 949,691 shares of the technology company's stock valued at $187,441,000 after acquiring an additional 26,341 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.
GoDaddy Stock Performance
Shares of GoDaddy stock traded up $5.49 on Tuesday, reaching $167.97. The stock had a trading volume of 313,303 shares, compared to its average volume of 1,513,468. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The business's 50-day moving average price is $186.12 and its two-hundred day moving average price is $185.27. The stock has a market cap of $23.74 billion, a P/E ratio of 26.04 and a beta of 1.19. GoDaddy Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $216.00.
GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, sell-side analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on GDDY shares. Morgan Stanley increased their price target on shares of GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group cut their target price on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a research report on Monday. Citigroup boosted their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a report on Friday, January 3rd. UBS Group increased their price objective on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, Raymond James boosted their target price on GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, GoDaddy has an average rating of "Moderate Buy" and a consensus target price of $212.20.
Read Our Latest Report on GDDY
Insider Buying and Selling at GoDaddy
In other news, Director Brian Sharples sold 500 shares of the firm's stock in a transaction 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 sale, the director now owns 21,621 shares in the company, valued at approximately $3,888,536.85. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $989,175.00. Following the transaction, the chief financial officer now owns 115,375 shares of the company's stock, valued at approximately $20,750,193.75. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock valued at $3,546,970 in the last 90 days. 0.61% of the stock is currently owned by insiders.
About GoDaddy
(
Free Report)
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.
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