GoDaddy Inc. (NYSE:GDDY) Position Boosted by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 3,124.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,914 shares of the technology company's stock after acquiring an additional 38,676 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in GoDaddy were worth $7,190,000 at the end of the most recent reporting period.

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

Insider Activity

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $176.93, for a total transaction of $1,061,580.00. Following the sale, the chief executive officer owned 425,015 shares in the company, valued at $75,197,903.95. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $179.68, for a total value of $89,840.00. Following the sale, the director owned 21,957 shares in the company, valued at $3,945,233.76. The trade was a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,757 shares of company stock valued at $12,246,080 over the last three months. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on GDDY. Wall Street Zen cut GoDaddy from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Royal Bank Of Canada restated 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 reduced their price objective on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Morgan Stanley reduced their price objective on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays reduced their price objective on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $214.86.

GoDaddy Stock Up 1.1%

Shares of NYSE:GDDY traded up $1.94 during trading on Friday, hitting $177.37. The company's stock had a trading volume of 1,157,221 shares, compared to its average volume of 1,331,922. 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 fifty-two week low of $140.11 and a fifty-two week high of $216.00. The stock's 50-day moving average price is $181.62 and its two-hundred day moving average price is $186.03. The company has a market capitalization of $25.27 billion, a PE ratio of 34.11 and a beta of 1.05.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a net margin of 16.20% and a return on equity of 211.09%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company earned $2.76 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS 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.