Stifel Financial Corp Raises Position in GoDaddy Inc. (NYSE:GDDY)

Stifel Financial Corp lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 89.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,639 shares of the technology company's stock after purchasing an additional 29,520 shares during the quarter. Stifel Financial Corp's holdings in GoDaddy were worth $12,363,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. WCM Investment Management LLC increased its position in GoDaddy by 7,083.4% during the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock valued at $678,941,000 after acquiring an additional 3,356,678 shares during the last quarter. Norges Bank bought a new position in GoDaddy during the 4th quarter valued at about $356,038,000. Canada Pension Plan Investment Board grew its holdings in GoDaddy by 107.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after purchasing an additional 719,000 shares during the last quarter. Congress Asset Management Co. bought a new stake in GoDaddy in the fourth quarter worth about $111,923,000. Finally, Amundi boosted its position in shares of GoDaddy by 84.4% during the fourth quarter. Amundi now owns 931,874 shares of the technology company's stock valued at $183,710,000 after buying an additional 426,501 shares during the period. Institutional investors own 90.28% of the company's stock.

GoDaddy Stock Performance

Shares of NYSE GDDY traded up $2.98 during mid-day trading on Thursday, hitting $180.99. The stock had a trading volume of 512,632 shares, compared to its average volume of 1,467,231. The firm has a market cap of $25.58 billion, a PE ratio of 28.07 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The company has a 50 day moving average of $175.34 and a two-hundred day moving average of $186.04. GoDaddy Inc. has a twelve month low of $120.59 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GDDY shares. Morgan Stanley reduced their price target on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Raymond James lifted their target price on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 21st. UBS Group upped their price target on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. B. Riley lifted their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group dropped their target price on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and an average price target of $210.73.

Insiders Place Their Bets

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total value of $171,750.00. Following the completion of the transaction, the chief operating officer now directly owns 256,949 shares of the company's stock, valued at approximately $44,130,990.75. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the sale, the director now owns 21,621 shares in the company, valued at approximately $3,888,536.85. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,000 shares of company stock valued at $3,518,150. 0.61% of the stock is owned by insiders.

GoDaddy 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.