First Hawaiian Bank Buys 6,929 Shares of GoDaddy Inc. (NYSE:GDDY)

First Hawaiian Bank raised its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 99.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,885 shares of the technology company's stock after purchasing an additional 6,929 shares during the period. First Hawaiian Bank's holdings in GoDaddy were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GDDY. Fiera Capital Corp boosted its holdings in GoDaddy by 1.6% during the second quarter. Fiera Capital Corp now owns 828,326 shares of the technology company's stock worth $115,725,000 after buying an additional 13,206 shares in the last quarter. Candriam S.C.A. lifted its position in GoDaddy by 25.0% in the second quarter. Candriam S.C.A. now owns 15,617 shares of the technology company's stock valued at $2,182,000 after buying an additional 3,121 shares during the last quarter. Prudential PLC boosted its position in shares of GoDaddy by 348.5% during the 2nd quarter. Prudential PLC now owns 8,978 shares of the technology company's stock worth $1,254,000 after purchasing an additional 6,976 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of GoDaddy in the second quarter valued at $213,000. Finally, Choreo LLC acquired a new position in GoDaddy in the 2nd quarter valued at about $205,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insiders Place Their Bets

In other news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $207.35, for a total value of $207,350.00. Following the transaction, the chief operating officer now owns 184,632 shares of the company's stock, valued at approximately $38,283,445.20. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Phontip Palitwanon sold 770 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total transaction of $151,412.80. Following the sale, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at $4,534,321.76. This represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,003 shares of company stock worth $4,626,523. Corporate insiders own 0.61% of the company's stock.

GoDaddy Stock Up 0.7 %

GDDY stock traded up $1.34 during trading hours on Thursday, hitting $196.91. The company's stock had a trading volume of 768,548 shares, compared to its average volume of 911,127. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a market capitalization of $27.64 billion, a PE ratio of 15.22 and a beta of 1.15. GoDaddy Inc. has a 12 month low of $102.60 and a 12 month high of $211.11. The stock has a 50 day moving average price of $195.06 and a two-hundred day moving average price of $168.41.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, equities research analysts expect that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GDDY shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $170.00 price objective on shares of GoDaddy in a research note on Monday, October 7th. Jefferies Financial Group increased their price target on GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Citigroup boosted their target price on GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, Piper Sandler boosted their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, GoDaddy presently has an average rating of "Moderate Buy" and a consensus target price of $187.71.

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.