AGF Management Ltd. Has $1.08 Million Position in GoDaddy Inc. (NYSE:GDDY)

AGF Management Ltd. decreased its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 26.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,455 shares of the technology company's stock after selling 1,955 shares during the period. AGF Management Ltd.'s holdings in GoDaddy were worth $1,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in GoDaddy in the 3rd quarter worth approximately $27,000. Anchor Investment Management LLC purchased a new stake in GoDaddy in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc purchased a new stake in GoDaddy in the 4th quarter worth approximately $43,000. Huntington National Bank lifted its position in GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after buying an additional 230 shares in the last quarter. Finally, Friedenthal Financial purchased a new stake in GoDaddy in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Performance

GDDY traded up $3.29 during trading on Wednesday, hitting $181.54. The stock had a trading volume of 1,000,438 shares, compared to its average volume of 1,333,674. The firm has a market cap of $25.66 billion, a PE ratio of 28.15 and a beta of 1.25. GoDaddy Inc. has a 12 month low of $118.14 and a 12 month high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a 50 day simple moving average of $192.25 and a 200-day simple moving average of $182.91.

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GoDaddy (NYSE:GDDY - Get Free Report) last posted 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the sale, the director now directly owns 23,121 shares in the company, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total transaction of $200,570.00. Following the sale, the chief operating officer now owns 183,632 shares in the company, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,480 shares of company stock worth $3,816,029 in the last ninety days. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

GDDY has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Robert W. Baird increased their target price on shares of GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Raymond James increased their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 21st. Barclays increased their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, GoDaddy presently has an average rating of "Moderate Buy" and a consensus price target of $213.20.

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.