GoDaddy Inc. (NYSE:GDDY) Stock Holdings Increased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 90.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,677 shares of the technology company's stock after purchasing an additional 8,853 shares during the quarter. Banque Cantonale Vaudoise's holdings in GoDaddy were worth $2,928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDDY. Prospera Financial Services Inc acquired a new stake in GoDaddy in the third quarter valued at $807,000. Caprock Group LLC purchased a new position in GoDaddy during the third quarter worth about $1,760,000. Swiss National Bank raised its holdings in shares of GoDaddy by 4.4% in the 3rd quarter. Swiss National Bank now owns 418,300 shares of the technology company's stock worth $65,581,000 after purchasing an additional 17,500 shares during the period. Natixis Advisors LLC grew its stake in shares of GoDaddy by 42.8% in the third quarter. Natixis Advisors LLC now owns 30,409 shares of the technology company's stock valued at $4,768,000 after buying an additional 9,115 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in GoDaddy by 3,227.3% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00. Following the completion of the sale, the director now owns 24,121 shares in the company, valued at $4,317,659. This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00. Following the completion of the transaction, the chief operating officer now directly owns 185,632 shares in the company, valued at $34,119,161.60. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,845 shares of company stock valued at $4,803,380. Company insiders own 0.61% of the company's stock.

GoDaddy Stock Performance

Shares of NYSE:GDDY traded up $2.71 on Wednesday, reaching $190.11. 1,080,259 shares of the company's stock were exchanged, compared to its average volume of 1,459,131. GoDaddy Inc. has a fifty-two week low of $92.45 and a fifty-two week high of $190.54. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The business's 50-day moving average is $164.16 and its two-hundred day moving average is $152.29. The firm has a market capitalization of $26.69 billion, a price-to-earnings ratio of 14.57 and a beta of 1.11.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the business earned $0.89 earnings per share. GoDaddy's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that GoDaddy Inc. will post 4.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GDDY. Royal Bank of Canada increased their target price on GoDaddy from $175.00 to $190.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Barclays boosted their price objective on GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. StockNews.com cut shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. B. Riley raised their price target on shares of GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Raymond James increased their price target on shares of GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GoDaddy presently has a consensus rating of "Moderate Buy" and an average price target of $173.31.

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.