GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 3,227.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 361,710 shares of the technology company's stock after acquiring an additional 350,839 shares during the quarter. Mizuho Securities USA LLC owned 0.26% of GoDaddy worth $56,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of GoDaddy by 0.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company's stock valued at $2,837,000 after purchasing an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in GoDaddy by 4.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company's stock valued at $296,000 after buying an additional 73 shares in the last quarter. Whittier Trust Co. lifted its holdings in GoDaddy by 4.3% during the 2nd quarter. Whittier Trust Co. now owns 1,781 shares of the technology company's stock worth $249,000 after buying an additional 74 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of GoDaddy by 11.3% during the 3rd quarter. Lindbrook Capital LLC now owns 974 shares of the technology company's stock worth $153,000 after acquiring an additional 99 shares in the last quarter. Finally, Equitable Trust Co. increased its holdings in shares of GoDaddy by 1.3% in the 3rd quarter. Equitable Trust Co. now owns 8,435 shares of the technology company's stock valued at $1,322,000 after acquiring an additional 107 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several recent analyst reports. StockNews.com downgraded shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of GoDaddy from $175.00 to $190.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. B. Riley lifted their target price on GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Cantor Fitzgerald reissued a "neutral" rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Finally, Raymond James lifted their price target on GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a research report on Friday, August 2nd. Five equities 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 company's stock. Based on data from MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and an average target price of $171.38.

GoDaddy Price Performance

GoDaddy stock traded down $2.37 during mid-day trading on Friday, hitting $182.92. 1,354,914 shares of the company were exchanged, compared to its average volume of 1,462,919. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. GoDaddy Inc. has a 12-month low of $91.68 and a 12-month high of $190.21. The business's 50 day simple moving average is $162.76 and its two-hundred day simple moving average is $151.01. The company has a market capitalization of $25.68 billion, a P/E ratio of 14.14 and a beta of 1.11.

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

Insider Buying and Selling

In other GoDaddy news, CAO Nick Daddario sold 2,976 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.61, for a total transaction of $451,191.36. Following the completion of the sale, the chief accounting officer now directly owns 14,728 shares in the company, valued at $2,232,912.08. The trade was a 16.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Monday, November 11th. The shares were sold at an average price of $179.00, for a total transaction of $89,500.00. Following the transaction, the director now owns 24,121 shares in the company, valued at $4,317,659. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,844 shares of company stock valued at $4,619,397. 0.61% of the stock is currently owned by company insiders.

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.