Capital International Ltd. CA Increases Stock Position in GoDaddy Inc. (NYSE:GDDY)

Capital International Ltd. CA lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,819 shares of the technology company's stock after purchasing an additional 1,667 shares during the period. Capital International Ltd. CA's holdings in GoDaddy were worth $10,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. WCM Investment Management LLC increased its holdings in shares of GoDaddy by 7,083.4% during the fourth 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 in the last quarter. Norges Bank bought a new position in shares of GoDaddy in the fourth quarter valued at $356,038,000. Canada Pension Plan Investment Board lifted its position in GoDaddy by 107.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after acquiring an additional 719,000 shares in the last quarter. Congress Asset Management Co. purchased a new position in GoDaddy during the 4th quarter worth $111,923,000. Finally, Amundi grew its stake in shares of GoDaddy by 84.4% in the 4th quarter. Amundi now owns 931,874 shares of the technology company's stock worth $183,710,000 after acquiring an additional 426,501 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Price Performance

Shares of NYSE:GDDY traded up $7.75 during trading on Wednesday, hitting $177.94. 585,960 shares of the company's stock were exchanged, compared to its average volume of 1,465,515. GoDaddy Inc. has a 52-week low of $120.59 and a 52-week high of $216.00. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 27.59 and a beta of 1.19. The business's 50-day simple moving average is $175.43 and its 200 day simple moving average is $186.10.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company 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%. As a group, equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on GDDY shares. Barclays lifted their price target on GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. UBS Group upped their price target on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Wells Fargo & Company started coverage on GoDaddy in a research report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price target on the stock. StockNews.com lowered GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Finally, Citigroup raised their price target on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and an average price target of $210.73.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the transaction, the director now owns 22,621 shares of the company's stock, valued at approximately $4,698,381.70. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $194.28, for a total value of $194,280.00. Following the completion of the transaction, the chief operating officer now directly owns 182,632 shares of the company's stock, valued at approximately $35,481,744.96. The trade was a 0.54 % 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 worth $3,518,150 over the last quarter. Insiders own 0.61% of the company's stock.

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.