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

Achmea Investment Management B.V. boosted its stake 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 buying an additional 2,768 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.09% of GoDaddy worth $22,964,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GDDY. Advisors Capital Management LLC boosted its holdings in shares of GoDaddy by 0.9% in the fourth quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company's stock valued at $1,223,000 after purchasing an additional 55 shares during the period. BNP Paribas lifted its holdings in shares of GoDaddy by 2.9% in the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after buying an additional 59 shares during the period. City Holding Co. grew its position in shares of GoDaddy by 30.0% during the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after buying an additional 60 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in shares of GoDaddy by 4.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock valued at $283,000 after buying an additional 64 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of GoDaddy by 0.8% during the first quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock valued at $1,435,000 after buying an additional 67 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GoDaddy

In related news, CAO Phontip Palitwanon sold 2,173 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $177.87, for a total transaction of $386,511.51. Following the completion of the transaction, the chief accounting officer now owns 21,198 shares of the company's stock, valued at approximately $3,770,488.26. This trade represents a 9.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $175.96, for a total transaction of $175,960.00. Following the completion of the transaction, the chief operating officer now directly owns 254,949 shares of the company's stock, valued at $44,860,826.04. This represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,632 shares of company stock valued at $12,602,635 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

GDDY has been the topic of several recent research reports. Barclays dropped their target price on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Citigroup reduced their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Morgan Stanley dropped their target price on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Benchmark reissued a "buy" rating on shares of GoDaddy in a research report on Monday, April 28th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $225.00 price objective on shares of GoDaddy in a research report on Monday. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $214.86.

GoDaddy Trading Down 0.1%

NYSE GDDY opened at $177.18 on Friday. The company has a fifty day moving average of $181.23 and a 200 day moving average of $187.24. The company has a market capitalization of $25.25 billion, a PE ratio of 34.07 and a beta of 1.07. The company has a debt-to-equity ratio of 18.91, a current ratio of 0.56 and a quick ratio of 0.56. GoDaddy Inc. has a 1 year low of $138.48 and a 1 year high of $216.00.

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 analysts' consensus estimates of $1.35 by ($0.08). GoDaddy had a net margin of 16.20% and a return on equity of 211.09%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current 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.

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