GoDaddy Inc. (NYSE:GDDY) Shares Bought by Amundi

Amundi lifted its holdings in GoDaddy Inc. (NYSE:GDDY) by 84.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 931,874 shares of the technology company’s stock after purchasing an additional 426,501 shares during the period. Amundi’s holdings in GoDaddy were worth $183,710,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in GoDaddy in the third quarter worth about $27,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc acquired a new position in GoDaddy during the 4th quarter valued at approximately $43,000. Huntington National Bank grew its stake in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after buying an additional 230 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of GoDaddy during the fourth quarter worth about $49,000. 90.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GDDY has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Raymond James raised their target price on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Robert W. Baird raised their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Barclays upped their target price on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Stock Performance

Shares of GoDaddy stock opened at $175.52 on Monday. GoDaddy Inc. has a 12 month low of $113.01 and a 12 month high of $216.00. The stock has a market cap of $24.81 billion, a PE ratio of 27.21 and a beta of 1.25. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The business has a fifty day simple moving average of $195.50 and a 200-day simple moving average of $182.38.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $597,030.00. Following the completion of the sale, the chief executive officer now owns 333,153 shares of the company’s stock, valued at $66,300,778.53. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the transaction, the chief financial officer now owns 83,254 shares in the company, valued at approximately $16,758,197.66. This trade represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,480 shares of company stock worth $3,849,169. Corporate insiders own 0.61% of the company’s stock.

GoDaddy 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.