GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 470,133 shares of the technology company’s stock after acquiring an additional 15,348 shares during the period. Epoch Investment Partners Inc. owned about 0.33% of GoDaddy worth $92,790,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in GoDaddy during the 4th quarter worth $25,554,000. CWA Asset Management Group LLC raised its holdings in GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after acquiring an additional 3,631 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in GoDaddy in the 4th quarter worth approximately $1,045,000. Mount Yale Investment Advisors LLC boosted its holdings in shares of GoDaddy by 205.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after purchasing an additional 3,783 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after purchasing an additional 499 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GDDY shares. Benchmark upped their target price on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. StockNews.com downgraded shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Raymond James raised their price target on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company initiated coverage on GoDaddy in a report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective on the stock. Finally, Piper Sandler upped their price target on GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.73.

Insider Transactions at GoDaddy

In related news, Director Brian Sharples sold 500 shares of GoDaddy 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 sale, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $623,100.00. Following the completion of the sale, the chief executive officer now directly owns 330,153 shares of the company’s stock, valued at approximately $68,572,778.10. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,000 shares of company stock valued at $3,518,150. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $171.55 on Friday. The stock’s 50-day moving average is $177.13 and its two-hundred day moving average is $185.71. 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 company has a market cap of $24.25 billion, a price-to-earnings ratio of 26.60 and a beta of 1.19. GoDaddy Inc. has a 1-year low of $119.76 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) 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 firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

GoDaddy 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.