Skandinaviska Enskilda Banken AB publ Buys 14,881 Shares of GoDaddy Inc. (NYSE:GDDY)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 45.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,441 shares of the technology company's stock after acquiring an additional 14,881 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in GoDaddy were worth $9,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GDDY. Ashton Thomas Securities LLC bought a new stake in GoDaddy in the 3rd quarter worth about $27,000. Anchor Investment Management LLC bought a new stake in GoDaddy in the 3rd quarter worth about $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the 4th quarter worth about $43,000. Rakuten Securities Inc. increased its holdings in GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after buying an additional 165 shares in the last quarter. Finally, Huntington National Bank increased its holdings in GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after buying an additional 230 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GDDY. Piper Sandler lifted their price objective on GoDaddy from $176.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Benchmark lifted their price objective on GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group boosted their price target on GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Citigroup boosted their price target on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, Raymond James boosted their price target on GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. Seven 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.20.

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Insider Buying and Selling

In related news, Director Brian Sharples sold 500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the transaction, the director now directly owns 22,621 shares of the company's stock, valued at approximately $4,698,381.70. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $174.21, for a total value of $174,210.00. Following the completion of the transaction, the chief operating officer now directly owns 257,949 shares in the company, valued at approximately $44,937,295.29. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,480 shares of company stock valued at $3,816,029. Corporate insiders own 0.61% of the company's stock.

GoDaddy Stock Performance

Shares of GDDY stock traded up $3.29 during trading hours on Wednesday, reaching $181.54. 1,005,131 shares of the company traded hands, compared to its average volume of 1,474,188. GoDaddy Inc. has a 12-month low of $118.39 and a 12-month high of $216.00. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The company has a market cap of $25.66 billion, a P/E ratio of 28.15 and a beta of 1.25. The firm has a 50-day moving average price of $192.25 and a 200 day moving average price of $182.91.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.18 billion. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal 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.