Robeco Schweiz AG Boosts Stock Position in GoDaddy Inc. $GDDY

Robeco Schweiz AG lifted its position in GoDaddy Inc. (NYSE:GDDY) by 18.3% in the third quarter, HoldingsChannel reports. The firm owned 60,000 shares of the technology company’s stock after buying an additional 9,300 shares during the period. Robeco Schweiz AG’s holdings in GoDaddy were worth $8,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of GoDaddy during the 2nd quarter worth approximately $341,588,000. Qube Research & Technologies Ltd raised its position in GoDaddy by 2,289.5% in the second quarter. Qube Research & Technologies Ltd now owns 873,626 shares of the technology company’s stock valued at $157,305,000 after purchasing an additional 837,065 shares during the period. Vanguard Group Inc. grew its holdings in shares of GoDaddy by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock worth $3,378,310,000 after purchasing an additional 627,923 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in GoDaddy in the 2nd quarter valued at about $81,153,000. Finally, JPMorgan Chase & Co. lifted its position in GoDaddy by 16.5% in the second quarter. JPMorgan Chase & Co. now owns 2,843,056 shares of the technology company’s stock valued at $511,921,000 after buying an additional 403,151 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several research reports. Citigroup dropped their target price on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a report on Friday, October 31st. Morgan Stanley set a $159.00 target price on GoDaddy in a research report on Friday, October 31st. Jefferies Financial Group cut their price target on shares of GoDaddy from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Monday, January 5th. Benchmark reissued a “buy” rating on shares of GoDaddy in a research report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.21.

Insider Activity at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $133.11, for a total value of $66,555.00. Following the completion of the transaction, the director owned 19,957 shares in the company, valued at approximately $2,656,476.27. This represents a 2.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of GoDaddy stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $886,880.08. Following the sale, the chief executive officer owned 399,133 shares in the company, valued at $51,065,076.02. This represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,115 shares of company stock worth $1,809,657 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

GoDaddy Price Performance

GoDaddy stock opened at $109.29 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 41.06. The company has a fifty day simple moving average of $125.59 and a 200-day simple moving average of $140.42. The stock has a market cap of $14.77 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. GoDaddy Inc. has a 12-month low of $108.63 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $1.32 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

About GoDaddy

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.