GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Mirova

Mirova increased its stake in GoDaddy Inc. (NYSE:GDDY) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,038 shares of the technology company’s stock after purchasing an additional 741 shares during the period. Mirova’s holdings in GoDaddy were worth $4,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Barclays PLC grew its stake in GoDaddy by 28.7% during the 3rd quarter. Barclays PLC now owns 447,425 shares of the technology company’s stock valued at $70,147,000 after purchasing an additional 99,734 shares during the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in GoDaddy by 86.8% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 15,012 shares of the technology company’s stock valued at $2,340,000 after buying an additional 6,974 shares during the last quarter. Anchor Investment Management LLC acquired a new position in GoDaddy in the 3rd quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in GoDaddy in the 3rd quarter worth approximately $922,000. Finally, Tidal Investments LLC raised its position in GoDaddy by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 18,643 shares of the technology company’s stock worth $2,923,000 after buying an additional 5,205 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling

In other news, Director Brian Sharples sold 500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the sale, the director now owns 22,621 shares of the company’s stock, valued at $4,698,381.70. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total transaction of $171,750.00. Following the completion of the sale, the chief operating officer now owns 256,949 shares of the company’s stock, valued at $44,130,990.75. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $3,518,150 in the last 90 days. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GDDY shares. StockNews.com downgraded shares of GoDaddy from a “buy” rating to a “hold” rating in a report on Monday, February 17th. B. Riley upped their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 14th. Piper Sandler lifted their price objective on GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Jefferies Financial Group lowered their target price on GoDaddy from $200.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. Finally, Citigroup raised their target price on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $210.73.

GoDaddy Stock Down 0.4 %

GoDaddy stock opened at $171.55 on Friday. GoDaddy Inc. has a 12 month low of $120.23 and a 12 month high of $216.00. The stock has a market capitalization of $24.25 billion, a PE ratio of 26.60 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The business has a 50 day simple moving average of $177.13 and a 200-day simple moving average of $185.93.

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

GoDaddy Company 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.