GoDaddy Inc. $GDDY Shares Purchased by Natixis

Natixis raised its holdings in GoDaddy Inc. (NYSE:GDDY) by 121.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,181 shares of the technology company’s stock after purchasing an additional 13,788 shares during the quarter. Natixis’ holdings in GoDaddy were worth $4,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GDDY. Zions Bancorporation National Association UT acquired a new stake in GoDaddy during the first quarter worth about $30,000. Nuveen LLC acquired a new stake in shares of GoDaddy during the 1st quarter worth approximately $78,759,000. Resona Asset Management Co. Ltd. increased its holdings in shares of GoDaddy by 2.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 64,551 shares of the technology company’s stock valued at $11,620,000 after purchasing an additional 1,632 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of GoDaddy by 21.8% in the 1st quarter. Russell Investments Group Ltd. now owns 287,172 shares of the technology company’s stock valued at $51,724,000 after purchasing an additional 51,317 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in GoDaddy by 7.5% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,839 shares of the technology company’s stock worth $1,052,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of GoDaddy stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $424,376.98. Following the completion of the sale, the chief financial officer directly owned 66,816 shares in the company, valued at $8,548,439.04. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 969 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $123,973.86. Following the completion of the sale, the chief accounting officer directly owned 19,452 shares in the company, valued at $2,488,688.88. This trade represents a 4.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,218 shares of company stock valued at $1,715,781 over the last quarter. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on GDDY. Benchmark reiterated a “buy” rating on shares of GoDaddy in a research report on Thursday, December 4th. Citigroup lowered their price target on GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. UBS Group cut their price objective on GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Evercore ISI reduced their target price on GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research note on Friday, October 31st. Finally, B. Riley dropped their price target on shares of GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average price target of $181.14.

GoDaddy Trading Up 1.7%

Shares of GoDaddy stock opened at $128.29 on Thursday. The stock has a 50 day moving average of $130.26 and a 200 day moving average of $150.19. 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 $17.34 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.41 and a beta of 0.95. GoDaddy Inc. has a fifty-two week low of $121.94 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. As a group, research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.