Barclays PLC Raises Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Barclays PLC grew its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,425 shares of the technology company's stock after acquiring an additional 99,734 shares during the period. Barclays PLC owned about 0.32% of GoDaddy worth $70,147,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in GoDaddy in the 3rd quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in shares of GoDaddy in the second quarter valued at about $28,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy during the 3rd quarter worth about $30,000. ORG Partners LLC bought a new stake in shares of GoDaddy during the 2nd quarter worth about $32,000. Finally, International Assets Investment Management LLC acquired a new position in GoDaddy in the 2nd quarter valued at about $36,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Price Performance

NYSE GDDY traded up $0.56 during trading on Thursday, hitting $208.90. 855,555 shares of the company's stock were exchanged, compared to its average volume of 1,462,994. The stock's 50 day moving average price is $179.62 and its two-hundred day moving average price is $159.82. GoDaddy Inc. has a fifty-two week low of $99.90 and a fifty-two week high of $210.30. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a market cap of $29.33 billion, a PE ratio of 16.14 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, topping the consensus estimate of $1.25 by $0.07. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. Research analysts expect that GoDaddy Inc. will post 4.95 EPS for the current year.

Insider Buying and Selling

In other news, CAO Phontip Palitwanon sold 770 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the sale, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at $4,534,321.76. The trade was a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $89,500.00. Following the sale, the director now owns 24,121 shares of the company's stock, valued at $4,317,659. This trade represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,503 shares of company stock valued at $4,102,853 over the last 90 days. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GDDY shares. StockNews.com downgraded shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Cantor Fitzgerald reissued a "neutral" rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Barclays raised their price target on shares of GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Piper Sandler boosted their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Benchmark raised their target price on shares of GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy presently has an average rating of "Moderate Buy" and an average target price of $181.57.

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.