GoDaddy Inc. (NYSE:GDDY) Stock Holdings Increased by Capital International Sarl

Capital International Sarl grew its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,682 shares of the technology company's stock after purchasing an additional 5,144 shares during the period. Capital International Sarl owned 0.06% of GoDaddy worth $15,332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. WCM Investment Management LLC raised its position 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 worth $678,941,000 after buying an additional 3,356,678 shares during the period. Norges Bank purchased a new stake in shares of GoDaddy during the 4th quarter worth about $356,038,000. Canada Pension Plan Investment Board raised its holdings in GoDaddy by 107.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after buying an additional 719,000 shares during the period. Congress Asset Management Co. acquired a new position in GoDaddy during the fourth quarter valued at approximately $111,923,000. Finally, Amundi increased its position in shares of GoDaddy by 84.4% in the fourth 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 hedge funds and other institutional investors.

Insider Buying and Selling at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $623,100.00. Following the completion of the transaction, the chief executive officer now owns 330,153 shares of the company's stock, valued at approximately $68,572,778.10. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total transaction of $171,750.00. Following the sale, the chief operating officer now owns 256,949 shares in the company, valued at approximately $44,130,990.75. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $3,518,150 in the last ninety days. Company insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup boosted their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Wells Fargo & Company assumed coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price target for the company. Barclays raised their target price on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. StockNews.com downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Finally, UBS Group increased their price objective 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. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and a consensus price target of $210.73.

GoDaddy Stock Performance

Shares of NYSE GDDY traded up $5.68 during mid-day trading on Wednesday, hitting $175.87. The company had a trading volume of 496,867 shares, compared to its average volume of 1,465,176. GoDaddy Inc. has a 12 month low of $120.59 and a 12 month high of $216.00. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 27.27 and a beta of 1.19. 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 firm's 50 day simple moving average is $175.43 and its two-hundred day simple moving average is $186.10.

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

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.