GoDaddy Inc. (NYSE:GDDY) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965,378 shares of the technology company's stock after purchasing an additional 43,745 shares during the period. Charles Schwab Investment Management Inc. owned 0.68% of GoDaddy worth $173,903,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GDDY. Advisors Capital Management LLC increased its position in GoDaddy by 0.9% during the fourth quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company's stock worth $1,223,000 after buying an additional 55 shares during the last quarter. BNP Paribas increased its holdings in shares of GoDaddy by 2.9% during the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock valued at $417,000 after acquiring an additional 59 shares during the last quarter. City Holding Co. raised its stake in shares of GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock valued at $47,000 after acquiring an additional 60 shares in the last quarter. Equitable Trust Co. lifted its holdings in GoDaddy by 1.0% in the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock worth $1,199,000 after purchasing an additional 64 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in GoDaddy by 0.8% during the first quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock worth $1,435,000 after purchasing an additional 67 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,932 shares of GoDaddy stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $179.81, for a total transaction of $1,246,442.92. Following the sale, the chief executive officer directly owned 431,015 shares of the company's stock, valued at approximately $77,500,807.15. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Mccaffrey sold 3,317 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $179.81, for a total value of $596,429.77. Following the completion of the transaction, the chief financial officer directly owned 74,084 shares of the company's stock, valued at approximately $13,321,044.04. The trade was a 4.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,257 shares of company stock worth $5,827,280. 0.70% of the stock is currently owned by company insiders.

GoDaddy Stock Down 11.2%

Shares of GDDY stock opened at $133.38 on Monday. GoDaddy Inc. has a one year low of $132.73 and a one year high of $216.00. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.56. The stock has a fifty day moving average price of $171.43 and a 200 day moving average price of $179.48. The stock has a market cap of $19.01 billion, a P/E ratio of 23.82 and a beta of 1.08.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the prior year, the company posted $1.01 EPS. The business's revenue was up 8.3% on a year-over-year basis. Analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GDDY shares. JPMorgan Chase & Co. boosted their price objective on shares of GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Piper Sandler set a $182.00 price target on GoDaddy and gave the company an "overweight" rating in a research report on Friday. Raymond James Financial cut their price objective on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research report on Friday. Benchmark restated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Finally, Royal Bank Of Canada dropped their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, GoDaddy currently has a consensus rating of "Moderate Buy" and an average price target of $202.43.

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.

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