4,238 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,238 shares of the technology company's stock, valued at approximately $664,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of GoDaddy by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company's stock valued at $31,052,000 after purchasing an additional 6,424 shares during the last quarter. Highland Capital Management LLC purchased a new position in shares of GoDaddy in the 3rd quarter worth $1,132,000. Plato Investment Management Ltd boosted its holdings in GoDaddy by 2,471.0% in the first quarter. Plato Investment Management Ltd now owns 6,479 shares of the technology company's stock valued at $769,000 after acquiring an additional 6,227 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in GoDaddy by 20.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 214,514 shares of the technology company's stock valued at $25,469,000 after acquiring an additional 35,703 shares during the period. Finally, Swedbank AB increased its stake in GoDaddy by 3.5% during the second quarter. Swedbank AB now owns 153,353 shares of the technology company's stock worth $21,425,000 after acquiring an additional 5,247 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. B. Riley boosted their price objective on shares of 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 upped their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday. Raymond James raised their price objective on GoDaddy from $150.00 to $175.00 and gave the company a "strong-buy" rating in a research report on Friday, August 2nd. StockNews.com downgraded GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $173.31.

GoDaddy Price Performance

Shares of GDDY opened at $190.11 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a 50 day moving average of $164.93 and a 200-day moving average of $152.55. The stock has a market capitalization of $26.69 billion, a P/E ratio of 14.69 and a beta of 1.11. GoDaddy Inc. has a twelve month low of $92.45 and a twelve month high of $190.54.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that GoDaddy Inc. will post 4.95 EPS for the current fiscal year.

Insider Activity

In other news, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 owns 101,286 shares of the company's stock, valued at $16,686,868.50. This represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Friday, November 15th. The stock was sold at an average price of $183.80, for a total transaction of $183,800.00. Following the transaction, the chief operating officer now owns 185,632 shares in the company, valued at approximately $34,119,161.60. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,845 shares of company stock worth $4,803,380. 0.61% of the stock is currently owned by company insiders.

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.