Achmea Investment Management B.V. Purchases 2,768 Shares of GoDaddy Inc. (NYSE:GDDY)

Achmea Investment Management B.V. grew its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,478 shares of the technology company's stock after purchasing an additional 2,768 shares during the period. Achmea Investment Management B.V. owned approximately 0.09% of GoDaddy worth $22,964,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in GoDaddy during the fourth quarter worth about $25,554,000. Sowell Financial Services LLC purchased a new position in shares of GoDaddy during the first quarter worth about $291,000. Jones Financial Companies Lllp grew its holdings in shares of GoDaddy by 68.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock worth $243,000 after purchasing an additional 499 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of GoDaddy by 16.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company's stock worth $134,000 after purchasing an additional 98 shares during the last quarter. Finally, LPL Financial LLC raised its stake in GoDaddy by 22.9% in the fourth quarter. LPL Financial LLC now owns 66,109 shares of the technology company's stock valued at $13,048,000 after purchasing an additional 12,328 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Trading Down 0.0%

GDDY stock traded down $0.05 on Monday, reaching $180.02. The company's stock had a trading volume of 1,483,035 shares, compared to its average volume of 1,481,047. The company has a debt-to-equity ratio of 18.91, a quick ratio of 0.56 and a current ratio of 0.56. The business has a fifty day simple moving average of $181.41 and a two-hundred day simple moving average of $186.77. The firm has a market cap of $25.65 billion, a PE ratio of 34.62 and a beta of 1.07. GoDaddy Inc. has a 12-month low of $138.48 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the business posted $2.76 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GDDY. Piper Sandler increased their price target on shares of GoDaddy from $177.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Barclays reduced their target price on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group lowered 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. Morgan Stanley cut their price objective on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reduced their price target on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, GoDaddy presently has an average rating of "Moderate Buy" and a consensus price target of $214.86.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 684 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total transaction of $122,990.04. Following the completion of the transaction, the chief accounting officer now owns 23,371 shares of the company's stock, valued at approximately $4,202,339.51. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total value of $171,750.00. Following the completion of the sale, the chief operating officer now directly owns 256,949 shares in the company, valued at approximately $44,130,990.75. This represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,632 shares of company stock valued at $12,602,635. 0.61% of the stock is currently owned by company 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.