GoDaddy Inc. (NYSE:GDDY) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 333.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 396,934 shares of the technology company's stock after buying an additional 305,425 shares during the period. Voya Investment Management LLC owned 0.28% of GoDaddy worth $78,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in GoDaddy in the 4th quarter valued at $25,554,000. CWA Asset Management Group LLC increased its stake in shares of GoDaddy by 29.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock worth $3,172,000 after acquiring an additional 3,631 shares during the period. Fiduciary Alliance LLC purchased a new stake in GoDaddy in the 4th quarter valued at approximately $1,045,000. Mount Yale Investment Advisors LLC increased its position in GoDaddy by 205.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company's stock worth $1,110,000 after purchasing an additional 3,783 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of GoDaddy by 68.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock valued at $243,000 after buying an additional 499 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company'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 transaction of $623,100.00. Following the sale, the chief executive officer now directly owns 330,153 shares of the company's stock, valued at approximately $68,572,778.10. This represents a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Friday, February 14th. The stock was sold at an average price of $194.28, for a total transaction of $194,280.00. Following the completion of the transaction, the chief operating officer now directly owns 182,632 shares of the company's stock, valued at approximately $35,481,744.96. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,000 shares of company stock worth $3,518,150. Insiders own 0.61% of the company's stock.

GoDaddy Stock Up 1.0 %

Shares of GDDY stock traded up $1.75 during trading hours on Monday, reaching $185.15. The company had a trading volume of 1,457,412 shares, compared to its average volume of 1,472,811. The company has a market capitalization of $26.17 billion, a P/E ratio of 28.71 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. GoDaddy Inc. has a twelve month low of $120.59 and a twelve month high of $216.00. The stock's fifty day simple moving average is $175.36 and its 200 day simple moving average is $186.73.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GDDY shares. Jefferies Financial Group cut their price target on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a report on Monday, April 7th. Raymond James upped their price target on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. UBS Group boosted their target price on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Piper Sandler lifted their price target on GoDaddy from $176.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Finally, Citigroup dropped their target price on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a report on Friday. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, GoDaddy presently has an average rating of "Moderate Buy" and a consensus target price of $209.60.

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.