4,308 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,308 shares of the technology company's stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC increased its stake in GoDaddy by 485.4% in the second quarter. V Square Quantitative Management LLC now owns 1,528 shares of the technology company's stock valued at $213,000 after purchasing an additional 1,267 shares during the last quarter. ORG Partners LLC acquired a new stake in GoDaddy during the 2nd quarter worth $32,000. Swedbank AB raised its stake in GoDaddy by 3.5% during the 2nd 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 in the last quarter. Blue Trust Inc. lifted its position in GoDaddy by 336.0% in the second quarter. Blue Trust Inc. now owns 545 shares of the technology company's stock valued at $76,000 after acquiring an additional 420 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in GoDaddy by 9.0% in the second quarter. Raymond James & Associates now owns 203,424 shares of the technology company's stock valued at $28,420,000 after acquiring an additional 16,737 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Price Performance

Shares of GoDaddy stock traded up $0.57 on Thursday, hitting $208.91. The company's stock had a trading volume of 853,634 shares, compared to its average volume of 1,462,041. 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 firm has a fifty day moving average price of $178.53 and a 200-day moving average price of $159.48. GoDaddy Inc. has a 52-week low of $99.90 and a 52-week high of $210.30. The company has a market capitalization of $29.33 billion, a P/E ratio of 16.16 and a beta of 1.15.

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

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 2,678 shares of GoDaddy stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $526,601.92. Following the transaction, the chief financial officer now owns 89,800 shares in the company, valued at $17,658,272. This trade represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Phontip Palitwanon sold 1,554 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $203.90, for a total value of $316,860.60. Following the sale, the chief accounting officer now owns 21,505 shares of the company's stock, valued at approximately $4,384,869.50. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,503 shares of company stock worth $4,102,853. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com downgraded GoDaddy from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. Barclays raised their target price on shares of GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of GoDaddy from $175.00 to $224.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Cantor Fitzgerald restated a "neutral" rating and issued a $170.00 price target on shares of GoDaddy in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their target price on GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.57.

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.