Natixis Advisors LLC Has $4.77 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Natixis Advisors LLC grew its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 42.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,409 shares of the technology company's stock after buying an additional 9,115 shares during the period. Natixis Advisors LLC's holdings in GoDaddy were worth $4,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in GoDaddy by 3.4% in the third quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company's stock worth $31,052,000 after purchasing an additional 6,424 shares during the period. Highland Capital Management LLC acquired a new position in shares of GoDaddy in the 3rd quarter valued at $1,132,000. Plato Investment Management Ltd increased its position in shares of GoDaddy by 2,471.0% in the 1st quarter. Plato Investment Management Ltd now owns 6,479 shares of the technology company's stock valued at $769,000 after buying an additional 6,227 shares in the last quarter. Swedbank AB raised its stake in GoDaddy by 3.5% during 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 period. Finally, Crossmark Global Holdings Inc. lifted its holdings in GoDaddy by 28.0% during the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company's stock worth $6,907,000 after acquiring an additional 9,631 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Nick Daddario sold 684 shares of GoDaddy stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $157.23, for a total transaction of $107,545.32. Following the completion of the transaction, the chief accounting officer now owns 17,704 shares in the company, valued at approximately $2,783,599.92. This trade represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the transaction, the director now owns 24,121 shares of the company's stock, valued at $4,317,659. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,845 shares of company stock worth $4,803,380 in the last quarter. Corporate insiders own 0.61% of the company's stock.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $196.41 on Friday. The stock has a market capitalization of $27.57 billion, a price-to-earnings ratio of 15.18 and a beta of 1.11. The business has a 50-day moving average of $165.74 and a 200-day moving average of $152.83. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. GoDaddy Inc. has a fifty-two week low of $94.50 and a fifty-two week high of $196.71.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data 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 company 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%. GoDaddy's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. As a group, sell-side analysts predict that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GDDY has been the subject of several recent analyst reports. Raymond James increased their price target on GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Friday, August 2nd. B. Riley increased their target price on GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Robert W. Baird raised their target price on shares of GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday. Cantor Fitzgerald reiterated a "neutral" rating and issued a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. Finally, Piper Sandler increased their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $173.31.

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.