GoDaddy Inc. (NYSE:GDDY) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its position in shares of GoDaddy Inc. (NYSE:GDDY) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,734 shares of the technology company’s stock after purchasing an additional 22,929 shares during the quarter. GoDaddy accounts for 0.8% of Vinva Investment Management Ltd’s portfolio, making the stock its 17th largest position. Vinva Investment Management Ltd owned approximately 0.09% of GoDaddy worth $19,303,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GDDY. Ashton Thomas Securities LLC purchased a new stake in shares of GoDaddy in the third quarter worth about $27,000. Transcendent Capital Group LLC purchased a new stake in shares of GoDaddy in the second quarter worth about $28,000. ORG Wealth Partners LLC purchased a new position in GoDaddy during the third quarter worth approximately $30,000. ORG Partners LLC acquired a new stake in GoDaddy in the second quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of GoDaddy in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GDDY. Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. Raymond James lifted their price objective on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. Benchmark raised their target price on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada lifted their target price on shares of GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Barclays increased their target price on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $173.31.

GoDaddy Stock Down 0.9 %

NYSE GDDY opened at $197.85 on Thursday. GoDaddy Inc. has a 52 week low of $96.42 and a 52 week high of $202.56. 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 business’s fifty day simple moving average is $169.35 and its 200-day simple moving average is $154.84. The firm has a market cap of $27.78 billion, a PE ratio of 15.29 and a beta of 1.11.

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

Insider Buying and Selling

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the completion of the transaction, the chief operating officer now directly owns 187,632 shares of the company’s stock, valued at $28,551,961.44. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the completion of the transaction, the director now directly owns 24,121 shares of the company’s stock, valued at approximately $4,317,659. This represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,345 shares of company stock valued at $3,897,255. 0.61% of the stock is currently owned by 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.