Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in GoDaddy Inc. (NYSE:GDDY)

Universal Beteiligungs und Servicegesellschaft mbH raised its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,806 shares of the technology company's stock after buying an additional 4,193 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of GoDaddy worth $24,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of GoDaddy in the fourth quarter valued at $356,038,000. Assenagon Asset Management S.A. grew its holdings in GoDaddy by 1,412.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock valued at $242,727,000 after buying an additional 1,258,324 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of GoDaddy by 107.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after buying an additional 719,000 shares during the period. GAMMA Investing LLC lifted its holdings in shares of GoDaddy by 18,248.7% in the first quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock worth $92,516,000 after buying an additional 510,780 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of GoDaddy by 88.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,082,381 shares of the technology company's stock valued at $213,630,000 after acquiring an additional 507,374 shares during the period. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Buying and Selling

In other GoDaddy news, CFO Mark Mccaffrey sold 625 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $177.08, for a total transaction of $110,675.00. Following the completion of the transaction, the chief financial officer owned 73,459 shares of the company's stock, valued at approximately $13,008,119.72. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Phontip Palitwanon sold 2,173 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total transaction of $386,511.51. Following the completion of the sale, the chief accounting officer directly owned 21,198 shares in the company, valued at $3,770,488.26. This represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,757 shares of company stock valued at $12,243,920 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GDDY has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Citigroup decreased their price target on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $225.00 price objective on shares of GoDaddy in a research note on Monday, June 23rd. Jefferies Financial Group decreased their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Finally, Barclays dropped their price target on GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Seven equities research 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $214.86.

GoDaddy Trading Down 0.2%

Shares of NYSE GDDY traded down $0.32 during midday trading on Friday, hitting $165.97. 1,231,346 shares of the company traded hands, compared to its average volume of 1,356,579. GoDaddy Inc. has a 12-month low of $140.51 and a 12-month high of $216.00. The firm has a market cap of $23.65 billion, a P/E ratio of 31.92 and a beta of 1.05. The stock has a 50-day moving average price of $176.86 and a 200 day moving average price of $182.65. The company has a debt-to-equity ratio of 18.91, a quick ratio of 0.56 and a current ratio of 0.56.

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