GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its investment in GoDaddy Inc. by 28.8%, now holding approximately 141,315 shares worth about $25.46 million.
• GoDaddy's recent quarterly earnings report showed an EPS of $1.27, which was below estimates; however, the company's revenue of $1.19 billion met analyst expectations.
• Multiple hedge funds adjusted their positions in GoDaddy, indicating a strong institutional ownership of 90.28% of the company's stock.

Natixis Advisors LLC grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 28.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,315 shares of the technology company's stock after purchasing an additional 31,633 shares during the quarter. Natixis Advisors LLC owned about 0.10% of GoDaddy worth $25,456,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vestcor Inc lifted its stake in GoDaddy by 47.0% in the 1st quarter. Vestcor Inc now owns 49,805 shares of the technology company's stock worth $8,972,000 after purchasing an additional 15,915 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of GoDaddy in the first quarter worth $2,722,000. Banque Cantonale Vaudoise bought a new stake in GoDaddy during the first quarter valued at $3,275,000. LPL Financial LLC increased its stake in GoDaddy by 26.7% in the 1st quarter. LPL Financial LLC now owns 83,789 shares of the technology company's stock worth $15,094,000 after acquiring an additional 17,680 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of GoDaddy by 4.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,044 shares of the technology company's stock valued at $5,412,000 after acquiring an additional 1,320 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Stock Up 1.0%

NYSE GDDY traded up $1.61 on Monday, reaching $158.08. 1,644,654 shares of the stock traded hands, compared to its average volume of 1,468,744. GoDaddy Inc. has a 12 month low of $144.72 and a 12 month high of $216.00. The company has a market cap of $22.53 billion, a price-to-earnings ratio of 30.40 and a beta of 1.08. The company has a fifty day moving average price of $174.54 and a 200-day moving average price of $181.36. 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 (NYSE:GDDY - Get Free Report) last issued its earnings results 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). 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 firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.76 earnings per share. As a group, research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley decreased their price target on shares of GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada reissued an "outperform" rating and issued a $225.00 target price on shares of GoDaddy in a research note on Monday, June 23rd. Citigroup dropped their price target on GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group cut their price objective on GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. raised their price objective on GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Seven equities research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $214.86.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $169.59, for a total transaction of $169,590.00. Following the sale, the chief operating officer directly owned 253,949 shares of the company's stock, valued at $43,067,210.91. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Phontip Palitwanon sold 2,173 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total transaction of $386,511.51. Following the transaction, the chief accounting officer directly owned 21,198 shares of the company's stock, valued at approximately $3,770,488.26. This trade represents a 9.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,757 shares of company stock valued at $4,790,285. Insiders own 0.61% of the company's stock.

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.