Worldquant Millennium Advisors LLC Buys New Stake in GoDaddy Inc. (NYSE:GDDY)

Worldquant Millennium Advisors LLC purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 118,647 shares of the technology company's stock, valued at approximately $18,601,000. Worldquant Millennium Advisors LLC owned about 0.08% of GoDaddy as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of GoDaddy by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company's stock valued at $2,837,000 after buying an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC increased its stake in GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company's stock worth $296,000 after buying an additional 73 shares in the last quarter. Whittier Trust Co. lifted its position in shares of GoDaddy by 4.3% in the second quarter. Whittier Trust Co. now owns 1,781 shares of the technology company's stock valued at $249,000 after acquiring an additional 74 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of GoDaddy by 11.3% in the third quarter. Lindbrook Capital LLC now owns 974 shares of the technology company's stock worth $153,000 after acquiring an additional 99 shares during the last quarter. Finally, Equitable Trust Co. increased its position in shares of GoDaddy by 1.3% during the third quarter. Equitable Trust Co. now owns 8,435 shares of the technology company's stock worth $1,322,000 after purchasing an additional 107 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Price Performance

Shares of GoDaddy stock traded down $1.98 during trading on Friday, hitting $206.56. The stock had a trading volume of 1,044,259 shares, compared to its average volume of 1,391,428. The business has a fifty day moving average of $175.50 and a two-hundred day moving average of $158.09. GoDaddy Inc. has a fifty-two week low of $99.90 and a fifty-two week high of $210.30. The firm has a market cap of $29.00 billion, a P/E ratio of 15.96 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating 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 in the prior year, the firm earned $0.89 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that GoDaddy Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on GDDY. Cantor Fitzgerald reiterated a "neutral" rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th. Benchmark raised their price objective on GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. B. Riley upped their target price on shares of GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird lifted their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group upped their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $181.57.

Insider Buying and Selling at GoDaddy

In related news, CAO Nick Daddario sold 2,976 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.61, for a total transaction of $451,191.36. Following the transaction, the chief accounting officer now directly owns 14,728 shares of the company's stock, valued at approximately $2,232,912.08. The trade was a 16.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, September 16th. The shares were sold at an average price of $152.17, for a total transaction of $152,170.00. Following the sale, the chief operating officer now directly owns 187,632 shares of the company's stock, valued at $28,551,961.44. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,925 shares of company stock valued at $4,237,184 in the last three months. 0.61% of the stock is currently owned by company insiders.

About GoDaddy

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.