National Bank of Canada FI Raises Position in GoDaddy Inc. (NYSE:GDDY)

National Bank of Canada FI lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 257.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,129 shares of the technology company's stock after buying an additional 100,900 shares during the period. National Bank of Canada FI owned approximately 0.10% of GoDaddy worth $21,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of GoDaddy by 365.9% in the first quarter. Cetera Investment Advisers now owns 16,198 shares of the technology company's stock valued at $1,922,000 after acquiring an additional 12,721 shares during the period. CWM LLC grew its position in GoDaddy by 4.5% during the 2nd quarter. CWM LLC now owns 5,875 shares of the technology company's stock worth $821,000 after purchasing an additional 252 shares during the last quarter. SG Americas Securities LLC increased its stake in GoDaddy by 531.9% in the second quarter. SG Americas Securities LLC now owns 31,369 shares of the technology company's stock valued at $4,383,000 after purchasing an additional 26,405 shares during the period. Czech National Bank purchased a new stake in shares of GoDaddy in the second quarter valued at about $3,752,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of GoDaddy by 485.4% during the second quarter. V Square Quantitative Management LLC now owns 1,528 shares of the technology company's stock worth $213,000 after buying an additional 1,267 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Price Performance

Shares of NYSE:GDDY traded up $1.54 during trading on Tuesday, hitting $204.93. 1,461,860 shares of the stock were exchanged, compared to its average volume of 1,466,416. GoDaddy Inc. has a 12-month low of $99.90 and a 12-month high of $210.30. The company has a market cap of $28.77 billion, a PE ratio of 15.84 and a beta of 1.15. The company has a fifty day moving average price of $177.46 and a two-hundred day moving average price of $159.13. 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 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. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $0.89 earnings per share. GoDaddy's revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that GoDaddy Inc. will post 4.95 EPS for the current year.

Analyst Upgrades and Downgrades

GDDY has been the topic of several recent research reports. Piper Sandler boosted their price target on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. B. Riley upped their price target on GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Cantor Fitzgerald restated a "neutral" rating and set a $170.00 price objective on shares of GoDaddy in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of GoDaddy from $175.00 to $224.00 and gave the company an "overweight" rating in a 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 company has an average rating of "Moderate Buy" and a consensus price target of $181.57.

Insider Buying and Selling at GoDaddy

In related news, Director Brian Sharples sold 500 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the completion of the transaction, the director now owns 24,121 shares of the company's stock, valued at approximately $4,317,659. The trade was a 2.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $155.60, for a total transaction of $466,800.00. Following the completion of the transaction, the chief executive officer now owns 348,956 shares in the company, valued at approximately $54,297,553.60. This trade represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,949 shares of company stock valued at $3,785,993 over the last quarter. Corporate insiders own 0.61% of the company's stock.

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.