Mediolanum International Funds Ltd decreased its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,094 shares of the technology company's stock after selling 3,749 shares during the quarter. Mediolanum International Funds Ltd owned approximately 0.05% of GoDaddy worth $11,228,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in GoDaddy by 0.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company's stock worth $2,837,000 after purchasing an additional 67 shares in the last quarter. Whittier Trust Co. lifted its stake in GoDaddy by 4.3% in the second quarter. Whittier Trust Co. now owns 1,781 shares of the technology company's stock valued at $249,000 after buying an additional 74 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of GoDaddy by 3.9% in the first quarter. Sivia Capital Partners LLC now owns 3,023 shares of the technology company's stock valued at $359,000 after acquiring an additional 113 shares during the period. Atomi Financial Group Inc. grew its position in shares of GoDaddy by 7.6% during the third quarter. Atomi Financial Group Inc. now owns 1,861 shares of the technology company's stock worth $292,000 after acquiring an additional 131 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in GoDaddy by 6.3% during the 2nd quarter. Signaturefd LLC now owns 2,480 shares of the technology company's stock worth $346,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on GDDY. Piper Sandler reissued a "neutral" rating and set a $172.00 price target (up previously from $160.00) on shares of GoDaddy in a report on Monday, September 23rd. Benchmark restated a "buy" rating and set a $186.00 price target on shares of GoDaddy in a research note on Tuesday, October 15th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $170.00 price objective on shares of GoDaddy in a research report on Monday, October 7th. StockNews.com cut shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 7th. Finally, Barclays lifted their target price on shares of GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Five 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. Based on data from MarketBeat.com, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.54.
Read Our Latest Analysis on GDDY
Insiders Place Their Bets
In related news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy 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 sale, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $164.75, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.48, for a total transaction of $439,440.00. Following the completion of the sale, the chief executive officer now owns 362,398 shares in the company, valued at $53,084,059.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,744 shares of company stock worth $5,114,931 over the last ninety days. 0.61% of the stock is owned by company insiders.
GoDaddy Price Performance
Shares of GDDY traded down $0.92 during trading hours on Friday, reaching $160.53. 682,723 shares of the company traded hands, compared to its average volume of 848,793. The stock has a market capitalization of $22.63 billion, a PE ratio of 12.83 and a beta of 1.12. The stock has a fifty day simple moving average of $159.26 and a 200 day simple moving average of $145.92. GoDaddy Inc. has a fifty-two week low of $71.15 and a fifty-two week high of $167.65. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 24.13.
GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.06). GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.63 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that GoDaddy Inc. will post 5.07 EPS for the current fiscal year.
About GoDaddy
(
Free Report)
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.
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