Oppenheimer Asset Management Inc. trimmed its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 15.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 29,531 shares of the technology company's stock after selling 5,523 shares during the period. Oppenheimer Asset Management Inc.'s holdings in GoDaddy were worth $4,630,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in 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 acquiring an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of 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 purchasing an additional 73 shares during the period. Whittier Trust Co. grew its holdings in shares of GoDaddy by 4.3% in the second 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 increased its stake in 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 buying an additional 99 shares during the period. Finally, Equitable Trust Co. lifted its holdings in GoDaddy by 1.3% during the 3rd 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 currently owned by institutional investors and hedge funds.
GoDaddy Stock Down 1.3 %
NYSE:GDDY traded down $2.37 during midday 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 current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a fifty-two week low of $91.68 and a fifty-two week high of $190.21. The company has a market capitalization of $25.68 billion, a PE ratio of 14.14 and a beta of 1.11. The company has a fifty day simple moving average of $162.76 and a 200 day simple moving average of $151.01.
GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. As a group, equities analysts anticipate that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $170.00 price target on shares of GoDaddy in a research note on Monday, October 7th. Piper Sandler boosted their target price on GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Robert W. Baird lifted their price objective on GoDaddy from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Barclays upped their target price on shares of GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada lifted their price target on shares of GoDaddy from $175.00 to $190.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy currently has an average rating of "Moderate Buy" and a consensus target price of $171.38.
View Our Latest Research Report on GoDaddy
Insider Activity
In related news, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total value of $906,125.00. Following the transaction, the chief financial officer now owns 101,286 shares in the company, valued at $16,686,868.50. The trade was a 5.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now directly owns 24,121 shares of the company's stock, valued at $4,317,659. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,844 shares of company stock valued at $4,619,397. 0.61% of the stock is currently owned by company insiders.
GoDaddy Profile
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Free Report)
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.
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