Fiera Capital Corp Lowers Holdings in GoDaddy Inc. $GDDY

Fiera Capital Corp decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 18.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,155 shares of the technology company’s stock after selling 46,480 shares during the quarter. Fiera Capital Corp owned approximately 0.15% of GoDaddy worth $28,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Alberta Investment Management Corp grew its holdings in GoDaddy by 48.8% during the 3rd quarter. Alberta Investment Management Corp now owns 32,300 shares of the technology company’s stock worth $4,420,000 after acquiring an additional 10,600 shares in the last quarter. Advisors Capital Management LLC boosted its stake in shares of GoDaddy by 25.6% during the third quarter. Advisors Capital Management LLC now owns 6,571 shares of the technology company’s stock valued at $899,000 after purchasing an additional 1,340 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in shares of GoDaddy by 3.6% during the third quarter. Ingalls & Snyder LLC now owns 40,857 shares of the technology company’s stock valued at $5,590,000 after purchasing an additional 1,414 shares in the last quarter. Beirne Wealth Consulting Services LLC purchased a new position in GoDaddy during the third quarter valued at approximately $275,000. Finally, NEOS Investment Management LLC raised its stake in GoDaddy by 44.8% in the third quarter. NEOS Investment Management LLC now owns 14,444 shares of the technology company’s stock worth $1,976,000 after buying an additional 4,466 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $424,376.98. Following the completion of the transaction, the chief financial officer owned 66,816 shares of the company’s stock, valued at approximately $8,548,439.04. This trade represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $886,880.08. Following the sale, the chief executive officer directly owned 399,133 shares in the company, valued at $51,065,076.02. This trade represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 13,615 shares of company stock worth $1,743,102. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GDDY has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. B. Riley Financial dropped their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Evercore reduced their target price on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a report on Friday, October 31st. Citigroup lowered their price target on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Royal Bank Of Canada set a $70.00 price objective on shares of GoDaddy in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $166.21.

GoDaddy Price Performance

Shares of GDDY stock opened at $90.56 on Friday. GoDaddy Inc. has a fifty-two week low of $87.13 and a fifty-two week high of $193.55. The company has a debt-to-equity ratio of 41.06, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.80 and a beta of 0.94. The stock’s 50-day simple moving average is $108.75 and its 200-day simple moving average is $126.95.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.