Harel Insurance Investments & Financial Services Ltd. Has $7.19 Million Stock Position in GoDaddy Inc. (NYSE:GDDY)

Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 3,124.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,914 shares of the technology company's stock after buying an additional 38,676 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in GoDaddy were worth $7,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA raised its position in shares of GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after acquiring an additional 165 shares in the last quarter. City Holding Co. raised its position in shares of GoDaddy by 30.0% during 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. OFI Invest Asset Management acquired a new stake in shares of GoDaddy during the 4th quarter valued at approximately $52,000. Finally, Crewe Advisors LLC acquired a new stake in shares of GoDaddy during the 1st quarter valued at approximately $53,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GDDY has been the topic of several analyst reports. Wall Street Zen lowered GoDaddy from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Barclays dropped their target price on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $225.00 target price on shares of GoDaddy in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their target price on GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group lowered their price target on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday, April 7th. 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 has a consensus rating of "Moderate Buy" and an average price target of $214.86.

GoDaddy Trading Up 0.8%

Shares of NYSE:GDDY traded up $1.33 during midday trading on Monday, reaching $178.65. The company had a trading volume of 1,470,144 shares, compared to its average volume of 1,333,436. 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 Inc. has a 1-year low of $140.11 and a 1-year high of $216.00. The firm has a market cap of $25.46 billion, a price-to-earnings ratio of 34.36 and a beta of 1.05. The company has a fifty day simple moving average of $181.49 and a two-hundred day simple moving average of $185.62.

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

Insider Activity at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 2,173 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total value of $386,511.51. Following the sale, the chief accounting officer owned 21,198 shares of the company's stock, valued at $3,770,488.26. This trade represents a 9.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $175.96, for a total value of $175,960.00. Following the completion of the sale, the chief operating officer directly owned 254,949 shares in the company, valued at $44,860,826.04. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,757 shares of company stock worth $12,246,080. 0.61% of the stock is currently owned by corporate insiders.

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.