GoDaddy Inc. (NYSE:GDDY) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 847,731 shares of the technology company's stock after selling 38,974 shares during the period. KBC Group NV owned approximately 0.60% of GoDaddy worth $132,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GDDY. Ashton Thomas Securities LLC purchased a new position in shares of GoDaddy during the third quarter worth $27,000. ORG Wealth Partners LLC purchased a new position in GoDaddy during the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC acquired a new position in GoDaddy in the 2nd quarter valued at about $28,000. ORG Partners LLC purchased a new stake in GoDaddy during the second quarter worth about $32,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of GoDaddy during the second quarter worth about $36,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Stock Performance

GDDY traded down $3.40 on Thursday, reaching $185.34. The company had a trading volume of 570,298 shares, compared to its average volume of 1,459,452. The stock has a 50-day moving average price of $161.46 and a 200-day moving average price of $150.36. The stock has a market capitalization of $26.02 billion, a PE ratio of 14.59 and a beta of 1.11. GoDaddy Inc. has a 1 year low of $90.42 and a 1 year high of $190.21. The company has a quick ratio of 0.56, a current 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 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 analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. As a group, research analysts forecast that GoDaddy Inc. will post 4.95 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In other GoDaddy news, CAO Nick Daddario sold 2,976 shares of GoDaddy stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.61, for a total value of $451,191.36. Following the transaction, the chief accounting officer now directly owns 14,728 shares in the company, valued at approximately $2,232,912.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Nick Daddario sold 2,976 shares of GoDaddy stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.61, for a total value of $451,191.36. Following the transaction, the chief accounting officer now directly owns 14,728 shares in the company, valued at $2,232,912.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Roger Chen sold 1,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $152.17, for a total transaction of $152,170.00. Following the transaction, the chief operating officer now owns 187,632 shares of the company's stock, valued at approximately $28,551,961.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,844 shares of company stock worth $4,619,397. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com cut shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. Benchmark boosted their price target on shares of GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Piper Sandler increased their price objective on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Barclays lifted their target price on GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Finally, B. Riley upped their price target on GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.