GoDaddy Inc. (NYSE:GDDY) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,058 shares of the technology company's stock after buying an additional 6,424 shares during the quarter. Principal Financial Group Inc. owned about 0.14% of GoDaddy worth $31,052,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $155.60, for a total value of $855,800.00. Following the completion of the transaction, the chief financial officer now owns 93,102 shares in the company, valued at $14,486,671.20. The trade was a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $155.60, for a total transaction of $466,800.00. Following the transaction, the chief executive officer now owns 348,956 shares of the company's stock, valued at approximately $54,297,553.60. The trade was a 0.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,503 shares of company stock worth $4,158,033 over the last three months. Insiders own 0.61% of the company's stock.

GoDaddy Price Performance

GDDY traded up $1.90 on Wednesday, reaching $206.74. 331,606 shares of the company's stock were exchanged, compared to its average volume of 1,451,447. The stock has a market cap of $29.02 billion, a PE ratio of 15.98 and a beta of 1.15. 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 twelve month low of $99.90 and a twelve month high of $211.11. The stock's fifty day moving average price is $186.78 and its 200-day moving average price is $163.84.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly 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 business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. Sell-side analysts expect that GoDaddy Inc. will post 4.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GDDY. StockNews.com cut shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on GoDaddy from $175.00 to $224.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price target (up previously from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Robert W. Baird boosted their price objective on GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group increased their target price on GoDaddy from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.57.

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.