Crossmark Global Holdings Inc. Boosts Holdings in GoDaddy Inc. (NYSE:GDDY)

Crossmark Global Holdings Inc. lifted its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 28.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,054 shares of the technology company's stock after acquiring an additional 9,631 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in GoDaddy were worth $6,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GDDY. Price T Rowe Associates Inc. MD increased its stake in shares of GoDaddy by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company's stock worth $433,895,000 after acquiring an additional 1,775,708 shares during the period. Kodai Capital Management LP acquired a new stake in GoDaddy during the first quarter valued at $75,855,000. Federated Hermes Inc. grew its position in GoDaddy by 35.6% during the second quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company's stock valued at $209,743,000 after buying an additional 394,399 shares during the period. Wedge Capital Management L L P NC grew its position in GoDaddy by 2,279.5% during the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company's stock valued at $62,908,000 after buying an additional 384,386 shares during the period. Finally, Vanguard Group Inc. grew its position in GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company's stock valued at $1,748,603,000 after buying an additional 379,228 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Trading Up 3.0 %

GDDY stock traded up $5.29 during trading on Monday, reaching $183.13. 1,086,476 shares of the stock were exchanged, compared to its average volume of 1,461,886. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The business has a 50 day moving average price of $159.96 and a 200-day moving average price of $149.24. GoDaddy Inc. has a 1 year low of $87.16 and a 1 year high of $184.38. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 14.18 and a beta of 1.11.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. GoDaddy's quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts predict that GoDaddy Inc. will post 4.95 earnings per share for the current year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total transaction of $500,730.00. Following the completion of the sale, the chief executive officer now directly owns 358,773 shares in the company, valued at $59,882,801.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total value of $500,730.00. Following the completion of the transaction, the chief executive officer now owns 358,773 shares in the company, valued at approximately $59,882,801.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total transaction of $906,125.00. Following the transaction, the chief financial officer now owns 101,286 shares of the company's stock, valued at $16,686,868.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,344 shares of company stock worth $4,529,897 over the last three months. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Cantor Fitzgerald restated a "neutral" rating and set a $170.00 price target on shares of GoDaddy in a research report on Monday, October 7th. Royal Bank of Canada raised their price target on shares of GoDaddy from $175.00 to $190.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Raymond James lifted their target price on shares of GoDaddy from $150.00 to $175.00 and gave the company a "strong-buy" rating in a research report on Friday, August 2nd. Robert W. Baird lifted their target price on shares of GoDaddy from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, B. Riley lifted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and an average target price of $171.38.

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.