GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Czech National Bank

Czech National Bank increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,433 shares of the technology company's stock after purchasing an additional 1,993 shares during the period. Czech National Bank's holdings in GoDaddy were worth $5,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. boosted its stake in shares of GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after buying an additional 165 shares during the period. OFI Invest Asset Management acquired a new stake in GoDaddy during the 4th quarter worth approximately $52,000. Summit Securities Group LLC purchased a new position in shares of GoDaddy in the 4th quarter valued at approximately $58,000. Physician Wealth Advisors Inc. purchased a new stake in shares of GoDaddy during the fourth quarter worth approximately $67,000. Finally, Global Retirement Partners LLC raised its stake in shares of GoDaddy by 31.1% during the fourth quarter. Global Retirement Partners LLC now owns 392 shares of the technology company's stock worth $77,000 after purchasing an additional 93 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Price Performance

Shares of GoDaddy stock traded down $2.02 on Thursday, hitting $180.27. The company's stock had a trading volume of 2,105,081 shares, compared to its average volume of 1,479,251. GoDaddy Inc. has a 52-week low of $135.73 and a 52-week high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The firm has a fifty day moving average price of $179.34 and a 200-day moving average price of $189.45. The company has a market capitalization of $25.69 billion, a P/E ratio of 27.95 and a beta of 1.13.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GDDY shares. Morgan Stanley dropped their price objective on shares of GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada lowered their target price on shares of GoDaddy from $230.00 to $225.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays cut their price target on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Finally, UBS Group increased their target price on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Seven 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $214.86.

Insiders Place Their Bets

In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction on 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 trade represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $539,550.00. Following the sale, the chief executive officer now directly owns 443,947 shares of the company's stock, valued at approximately $79,843,867.95. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,526 shares of company stock valued at $10,248,511 in the last ninety days. Insiders own 0.61% of the company's stock.

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.