Invesco Ltd. Grows Holdings in GoDaddy Inc. (NYSE:GDDY)

Invesco Ltd. lifted its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,913,930 shares of the technology company's stock after purchasing an additional 304,033 shares during the quarter. Invesco Ltd. owned about 2.08% of GoDaddy worth $575,122,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GDDY. Anchor Investment Management LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc bought a new position in shares of GoDaddy in the fourth quarter valued at $43,000. Rakuten Securities Inc. increased its holdings in GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after buying an additional 165 shares during the last quarter. Friedenthal Financial bought a new stake in GoDaddy during the fourth quarter worth $49,000. Finally, OFI Invest Asset Management acquired a new stake in GoDaddy in the fourth quarter valued at $52,000. Institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 0.7 %

Shares of GDDY stock traded up $1.17 on Monday, hitting $173.17. 399,039 shares of the company's stock traded hands, compared to its average volume of 1,453,886. The stock has a market capitalization of $24.48 billion, a price-to-earnings ratio of 26.85 and a beta of 1.19. The company's fifty day simple moving average is $180.85 and its 200 day simple moving average is $185.53. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a one year low of $119.76 and a one year high of $216.00.

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GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.18 billion. Equities analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $989,175.00. Following the transaction, the chief financial officer now owns 115,375 shares in the company, valued at approximately $20,750,193.75. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the sale, the director now owns 22,621 shares in the company, valued at approximately $4,698,381.70. This represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,000 shares of company stock worth $3,546,970. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GDDY shares. StockNews.com lowered GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Raymond James upped their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 21st. Barclays raised their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research note 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. Finally, Citigroup increased their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $212.20.

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.