GoDaddy Inc. (NYSE:GDDY) Shares Bought by Generate Investment Management Ltd

Generate Investment Management Ltd increased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 36.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,749 shares of the technology company's stock after purchasing an additional 23,936 shares during the quarter. GoDaddy makes up approximately 1.1% of Generate Investment Management Ltd's investment portfolio, making the stock its 29th largest position. Generate Investment Management Ltd owned about 0.06% of GoDaddy worth $15,987,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in GoDaddy in the 4th quarter valued at about $25,554,000. Sowell Financial Services LLC purchased a new stake in shares of GoDaddy in the first quarter valued at approximately $291,000. Jones Financial Companies Lllp increased its holdings in shares of GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock valued at $243,000 after purchasing an additional 499 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in GoDaddy by 16.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company's stock worth $134,000 after buying an additional 98 shares in the last quarter. Finally, LPL Financial LLC lifted its position in GoDaddy by 22.9% during the fourth quarter. LPL Financial LLC now owns 66,109 shares of the technology company's stock worth $13,048,000 after buying an additional 12,328 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Trading Down 0.1%

NYSE:GDDY traded down $0.19 on Thursday, reaching $177.18. 938,539 shares of the company's stock were exchanged, compared to its average volume of 1,339,629. The firm has a market capitalization of $25.25 billion, a price-to-earnings ratio of 34.71 and a beta of 1.07. GoDaddy Inc. has a 52-week low of $138.48 and a 52-week high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 18.91. The business has a fifty day moving average of $181.23 and a 200-day moving average of $187.24.

GoDaddy (NYSE:GDDY - Get Free Report) last released its 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). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. GoDaddy's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.76 earnings per share. As a group, analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the completion of the transaction, the director now owns 21,621 shares in the company, valued at approximately $3,888,536.85. This represents a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $539,550.00. Following the completion of the transaction, the chief executive officer now owns 443,947 shares of the company's stock, valued at $79,843,867.95. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,632 shares of company stock valued at $12,602,635. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on GDDY shares. Citigroup cut their target price on GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on shares of GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $225.00 target price on shares of GoDaddy in a report on Monday. Benchmark restated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Finally, Barclays decreased their price objective on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $214.86.

GoDaddy Company 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.