GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,881 shares of the technology company's stock after acquiring an additional 3,485 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.05% of GoDaddy worth $14,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of GoDaddy by 11.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company's stock worth $751,778,000 after buying an additional 395,160 shares in the last quarter. Geode Capital Management LLC grew its position in shares of GoDaddy by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company's stock worth $692,245,000 after buying an additional 90,810 shares in the last quarter. WCM Investment Management LLC grew its position in shares of GoDaddy by 7,083.4% during the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock worth $678,941,000 after buying an additional 3,356,678 shares in the last quarter. Invesco Ltd. grew its position in shares of GoDaddy by 11.6% during the 4th quarter. Invesco Ltd. now owns 2,913,930 shares of the technology company's stock worth $575,122,000 after buying an additional 304,033 shares in the last quarter. Finally, Norges Bank bought a new position in shares of GoDaddy during the 4th quarter worth $356,038,000. Institutional investors own 90.28% of the company's stock.

GoDaddy Stock Up 0.2%

GoDaddy stock traded up $0.32 during midday trading on Friday, reaching $190.27. The company's stock had a trading volume of 1,204,177 shares, compared to its average volume of 1,481,357. The stock's 50-day simple moving average is $178.47 and its 200-day simple moving average is $188.97. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. GoDaddy Inc. has a 52-week low of $135.03 and a 52-week high of $216.00. The stock has a market capitalization of $27.11 billion, a P/E ratio of 29.50 and a beta of 1.13.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the business posted $2.76 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

GDDY has been the topic of a number of recent research reports. B. Riley increased their price target on GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group dropped their price target on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research report on Monday, April 7th. Piper Sandler increased their price target on GoDaddy from $177.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Barclays dropped their price target on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $214.86.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $174.21, for a total value of $174,210.00. Following the transaction, the chief operating officer now directly owns 257,949 shares of the company's stock, valued at approximately $44,937,295.29. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.86, for a total value of $572,580.00. Following the completion of the transaction, the chief executive officer now directly owns 440,947 shares in the company, valued at $84,159,144.42. This represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,500 shares of company stock worth $10,050,555. 0.61% of the stock is owned by insiders.

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.