Candriam S.C.A. Has $12.98 Million Stake in GoDaddy Inc. (NYSE:GDDY)

Candriam S.C.A. trimmed its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,756 shares of the technology company's stock after selling 46,674 shares during the quarter. Candriam S.C.A.'s holdings in GoDaddy were worth $12,978,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDDY. State Street Corp boosted its holdings in GoDaddy by 2.2% in the 3rd quarter. State Street Corp now owns 6,892,134 shares of the technology company's stock worth $1,080,549,000 after acquiring an additional 147,105 shares during the period. Geode Capital Management LLC grew its position in shares of GoDaddy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,423,622 shares of the technology company's stock worth $535,153,000 after acquiring an additional 84,550 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of 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 valued at $678,941,000 after acquiring an additional 3,356,678 shares during the last quarter. FMR LLC increased its holdings in shares of GoDaddy by 19.8% in the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company's stock valued at $260,299,000 after acquiring an additional 274,014 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of GoDaddy by 17.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company's stock valued at $214,584,000 after acquiring an additional 203,909 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have weighed in on GDDY shares. UBS Group increased their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price target (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Finally, Citigroup raised their price target on GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.20.

Insider Activity

In related news, Director Brian Sharples sold 500 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the completion of the sale, the director now directly owns 23,121 shares in the company, valued at approximately $4,601,310.21. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Mccaffrey sold 480 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the completion of the transaction, the chief financial officer now directly owns 83,254 shares in the company, valued at $16,758,197.66. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,480 shares of company stock worth $3,849,169. Corporate insiders own 0.61% of the company's stock.

GoDaddy Price Performance

NYSE GDDY traded down $0.07 on Tuesday, reaching $172.35. 2,284,034 shares of the stock traded hands, compared to its average volume of 1,339,318. GoDaddy Inc. has a 12 month low of $113.01 and a 12 month high of $216.00. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 26.72 and a beta of 1.25. The firm's fifty day simple moving average is $194.96 and its 200 day simple moving average is $182.45. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

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

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.