GoDaddy Inc. (NYSE:GDDY) Holdings Raised by Generate Investment Management Ltd

Generate Investment Management Ltd increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 36.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,749 shares of the technology company's stock after acquiring an additional 23,936 shares during the quarter. GoDaddy makes up approximately 1.1% of Generate Investment Management Ltd's holdings, making the stock its 29th biggest holding. Generate Investment Management Ltd owned 0.06% of GoDaddy worth $15,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDDY. Rakuten Securities Inc. grew its position in GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after purchasing an additional 165 shares during the last quarter. City Holding Co. grew its position in GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after purchasing an additional 60 shares during the last quarter. OFI Invest Asset Management bought a new position in GoDaddy in the 4th quarter worth about $52,000. Crewe Advisors LLC bought a new position in GoDaddy in the 1st quarter worth about $53,000. Finally, Summit Securities Group LLC bought a new position in GoDaddy in the 4th quarter worth about $58,000. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Activity at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $989,175.00. Following the completion of the sale, the chief financial officer now owns 115,375 shares in the company, valued at approximately $20,750,193.75. This represents a 4.55% decrease in their position. The sale was disclosed in a legal 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 company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $539,550.00. Following the completion of the sale, the chief executive officer now 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. In the last 90 days, insiders sold 69,632 shares of company stock worth $12,602,635. 0.61% of the stock is owned by corporate insiders.

GoDaddy Price Performance

NYSE:GDDY traded up $3.00 during trading hours on Friday, reaching $180.19. 1,866,062 shares of the company's stock were exchanged, compared to its average volume of 1,342,797. The company has a market capitalization of $25.67 billion, a P/E ratio of 34.65 and a beta of 1.07. GoDaddy Inc. has a 12 month low of $138.48 and a 12 month 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's 50-day simple moving average is $181.41 and its two-hundred day simple moving average is $187.07.

GoDaddy (NYSE:GDDY - Get Free Report) last issued 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). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.76 earnings per share. Sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GDDY has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Barclays decreased their price objective 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. Wall Street Zen cut shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Piper Sandler increased their price objective on shares of GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $214.86.

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.