106,931 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 106,931 shares of the technology company's stock, valued at approximately $19,263,000. Annex Advisory Services LLC owned about 0.08% of GoDaddy at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in 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 acquiring an additional 395,160 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 acquiring an additional 90,810 shares in the last quarter. WCM Investment Management LLC raised its stake in 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 acquiring an additional 3,356,678 shares in the last quarter. Invesco Ltd. raised its stake in 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 acquiring an additional 304,033 shares in the last quarter. Finally, Norges Bank acquired a new stake in GoDaddy during the 4th quarter worth $356,038,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on GDDY shares. Barclays cut their price target on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Citigroup cut their price target on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group cut their price target on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Finally, B. Riley lifted their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, GoDaddy has an average rating of "Moderate Buy" and an average price target of $214.86.

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $174.21, for a total transaction of $174,210.00. Following the transaction, the chief operating officer now directly owns 257,949 shares in the company, valued at $44,937,295.29. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $989,175.00. Following the transaction, the chief financial officer now owns 115,375 shares in the company, valued at approximately $20,750,193.75. This trade represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,526 shares of company stock worth $10,248,511 over the last ninety days. 0.61% of the stock is currently owned by company insiders.

GoDaddy Stock Performance

NYSE GDDY traded down $2.02 during trading on Thursday, reaching $180.27. The company's stock had a trading volume of 2,105,154 shares, compared to its average volume of 1,480,526. GoDaddy Inc. has a twelve month low of $135.73 and a twelve month high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The business's fifty day moving average price is $179.34 and its 200-day moving average price is $189.41. The firm has a market cap of $25.69 billion, a price-to-earnings ratio of 27.95 and a beta of 1.13.

GoDaddy (NYSE:GDDY - Get Free Report) last issued 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 return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $2.76 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. As a group, analysts anticipate 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.