Robeco Institutional Asset Management B.V. Has $61.15 Million Position in GoDaddy Inc. (NYSE:GDDY)

Robeco Institutional Asset Management B.V. cut its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,813 shares of the technology company's stock after selling 47,362 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.22% of GoDaddy worth $61,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in GoDaddy in the third quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in GoDaddy in the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new position in GoDaddy in the 3rd quarter valued at about $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy during the 4th quarter worth about $43,000. Finally, Friedenthal Financial acquired a new position in shares of GoDaddy in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on GDDY shares. B. Riley lifted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Piper Sandler upped their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Raymond James boosted their target price 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. Royal Bank of Canada restated an "outperform" rating and set a $230.00 price objective (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Finally, Benchmark boosted their price target on GoDaddy from $186.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and an average price target of $198.07.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the sale, the chief financial officer now directly owns 84,300 shares of the company's stock, valued at $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Phontip Palitwanon sold 770 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the sale, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at approximately $4,534,321.76. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,483 shares of company stock worth $4,759,553. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Stock Performance

GDDY stock traded down $0.59 during trading on Thursday, reaching $213.32. 1,493,540 shares of the stock were exchanged, compared to its average volume of 1,111,844. The company has a market capitalization of $29.95 billion, a P/E ratio of 16.49 and a beta of 1.15. The stock has a 50 day simple moving average of $202.16 and a 200-day simple moving average of $174.74. GoDaddy Inc. has a twelve month low of $106.42 and a twelve month high of $216.00. 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 (NYSE:GDDY - Get Free Report) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business 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 business earned $0.89 EPS. GoDaddy's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 4.96 earnings per share for the current year.

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.