Swiss National Bank Raises Position in GoDaddy Inc. (NYSE:GDDY)

Swiss National Bank grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 418,300 shares of the technology company's stock after purchasing an additional 17,500 shares during the quarter. Swiss National Bank owned approximately 0.30% of GoDaddy worth $65,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GDDY. Ashton Thomas Securities LLC acquired a new position in GoDaddy during the third quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in shares of GoDaddy in the 2nd quarter worth about $28,000. ORG Wealth Partners LLC bought a new position in shares of GoDaddy during the 3rd quarter worth approximately $30,000. ORG Partners LLC bought a new stake in GoDaddy during the 2nd quarter valued at $32,000. Finally, International Assets Investment Management LLC purchased a new stake in GoDaddy during the second quarter valued at about $36,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GDDY has been the subject of a number of recent research reports. Raymond James lifted their price objective on shares of GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd. StockNews.com cut shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on GoDaddy from $175.00 to $190.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Robert W. Baird boosted their price objective on GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Barclays boosted their target price on GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and an average price target of $173.31.

Insider Buying and Selling

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $179.00, for a total transaction of $89,500.00. Following the transaction, the director now owns 24,121 shares in the company, valued at $4,317,659. This represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total transaction of $500,730.00. Following the transaction, the chief executive officer now owns 358,773 shares in the company, valued at approximately $59,882,801.43. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,845 shares of company stock valued at $4,803,380 over the last three months. 0.61% of the stock is currently owned by company insiders.

GoDaddy Stock Up 1.5 %

Shares of NYSE:GDDY traded up $2.72 during mid-day trading on Wednesday, hitting $190.12. 1,070,017 shares of the company traded hands, compared to its average volume of 1,459,086. The firm's 50 day simple moving average is $164.16 and its 200 day simple moving average is $152.29. The firm has a market cap of $26.69 billion, a P/E ratio of 14.57 and a beta of 1.11. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a 52-week low of $92.45 and a 52-week high of $190.54.

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