Axa S.A. Purchases 41,060 Shares of GoDaddy Inc. (NYSE:GDDY)

AXA S.A. grew its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 134.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,648 shares of the technology company's stock after buying an additional 41,060 shares during the quarter. AXA S.A. owned 0.05% of GoDaddy worth $14,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC lifted its stake in GoDaddy by 28.7% during the third quarter. Barclays PLC now owns 447,425 shares of the technology company's stock worth $70,147,000 after purchasing an additional 99,734 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of GoDaddy by 10.2% during the third quarter. Franklin Resources Inc. now owns 417,902 shares of the technology company's stock worth $68,565,000 after purchasing an additional 38,511 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of GoDaddy by 3.4% during the third quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company's stock worth $31,052,000 after purchasing an additional 6,424 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of GoDaddy during the fourth quarter worth about $43,000. Finally, GAMMA Investing LLC boosted its stake in shares of GoDaddy by 51.4% during the fourth quarter. GAMMA Investing LLC now owns 2,799 shares of the technology company's stock worth $552,000 after buying an additional 950 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 37,500 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $180.95, for a total value of $6,785,625.00. Following the completion of the sale, the chief financial officer now owns 77,250 shares in the company, valued at approximately $13,978,387.50. This trade represents a 32.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $541,980.00. Following the completion of the sale, the chief executive officer now owns 505,649 shares of the company's stock, valued at $91,350,548.34. The trade was a 0.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,500 shares of company stock worth $10,244,835. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Price Performance

GDDY stock traded down $0.47 during trading on Friday, hitting $182.51. 727,810 shares of the stock traded hands, compared to its average volume of 1,475,779. GoDaddy Inc. has a one year low of $131.84 and a one year high of $216.00. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 28.30 and a beta of 1.13. The company has a 50 day simple moving average of $177.00 and a 200 day simple moving average of $188.20. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 earnings per share. Equities analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group lowered their target price on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a research note on Monday, April 7th. Benchmark reaffirmed a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Morgan Stanley reduced their target price on shares of GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Wells Fargo & Company started coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price objective on the stock. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy currently has an average rating of "Moderate Buy" and an average price target of $214.86.

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.