National Pension Service Grows Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

National Pension Service lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 288,337 shares of the technology company's stock after buying an additional 19,918 shares during the period. National Pension Service owned approximately 0.20% of GoDaddy worth $45,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Highland Capital Management LLC purchased a new stake in GoDaddy during the 3rd quarter valued at $1,132,000. Plato Investment Management Ltd grew its stake in shares of GoDaddy by 2,471.0% in the first quarter. Plato Investment Management Ltd now owns 6,479 shares of the technology company's stock worth $769,000 after purchasing an additional 6,227 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in GoDaddy by 20.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 214,514 shares of the technology company's stock valued at $25,469,000 after purchasing an additional 35,703 shares during the period. Forsta AP Fonden raised its position in GoDaddy by 87.5% during the 1st quarter. Forsta AP Fonden now owns 84,000 shares of the technology company's stock valued at $9,969,000 after purchasing an additional 39,200 shares during the last quarter. Finally, Swedbank AB grew its position in shares of GoDaddy by 3.5% in the 2nd quarter. Swedbank AB now owns 153,353 shares of the technology company's stock worth $21,425,000 after buying an additional 5,247 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 5,500 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total transaction of $906,125.00. Following the sale, the chief financial officer now owns 101,286 shares of the company's stock, valued at $16,686,868.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other GoDaddy news, Director Sigal Zarmi sold 400 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $157.61, for a total transaction of $63,044.00. Following the sale, the director now owns 4,661 shares of the company's stock, valued at approximately $734,620.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $164.75, for a total value of $906,125.00. Following the completion of the transaction, the chief financial officer now directly owns 101,286 shares in the company, valued at approximately $16,686,868.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,744 shares of company stock valued at $4,592,941 over the last three months. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price objective on shares of GoDaddy from $175.00 to $190.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Barclays boosted their price target on shares of GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Cantor Fitzgerald restated a "neutral" rating and set a $170.00 target price on shares of GoDaddy in a report on Monday, October 7th. Finally, Raymond James upped their price objective on shares of GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, GoDaddy has an average rating of "Moderate Buy" and an average target price of $171.38.

GoDaddy Trading Up 0.8 %

GDDY stock traded up $1.44 during midday trading on Thursday, reaching $177.25. The company's stock had a trading volume of 1,212,887 shares, compared to its average volume of 1,465,585. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 13.58 and a beta of 1.11. GoDaddy Inc. has a 1 year low of $86.11 and a 1 year high of $177.77. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a fifty day simple moving average of $159.50 and a two-hundred day simple moving average of $148.29.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the company earned $0.89 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that GoDaddy Inc. will post 4.95 EPS 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.