GoDaddy Inc. (NYSE:GDDY) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,958 shares of the technology company’s stock after purchasing an additional 1,891 shares during the period. Royal London Asset Management Ltd.’s holdings in GoDaddy were worth $11,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy in the 4th quarter worth approximately $43,000. Rakuten Securities Inc. grew its holdings in shares of GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 165 shares during the period. Friedenthal Financial acquired a new stake in shares of GoDaddy in the 4th quarter worth approximately $49,000. Finally, OFI Invest Asset Management acquired a new stake in shares of GoDaddy in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Down 0.1 %

Shares of GoDaddy stock opened at $180.49 on Friday. GoDaddy Inc. has a fifty-two week low of $118.39 and a fifty-two week high of $216.00. The firm has a market cap of $25.51 billion, a PE ratio of 27.98 and a beta of 1.25. The business’s fifty day moving average is $191.37 and its two-hundred day moving average is $183.14. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results 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 business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GDDY. UBS Group upped their price target on GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. B. Riley upped their price target on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Benchmark upped their target price on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group upped their target price on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $213.20.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $201.29, for a total value of $96,619.20. Following the transaction, the chief financial officer now directly owns 83,254 shares of the company’s stock, valued at approximately $16,758,197.66. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $174.21, for a total value of $174,210.00. Following the completion of the transaction, the chief operating officer now directly owns 257,949 shares in the company, valued at $44,937,295.29. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,480 shares of company stock valued at $3,816,029. 0.61% of the stock is currently owned by company insiders.

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.