Nomura Holdings Inc. Acquires Shares of 4,621 GoDaddy Inc. (NYSE:GDDY)

Nomura Holdings Inc. acquired a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,621 shares of the technology company's stock, valued at approximately $912,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GDDY. Rakuten Securities Inc. raised its holdings in shares of GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after acquiring an additional 165 shares during the period. OFI Invest Asset Management purchased a new position in GoDaddy during the fourth quarter worth about $52,000. Summit Securities Group LLC purchased a new stake in shares of GoDaddy during the 4th quarter valued at approximately $58,000. Physician Wealth Advisors Inc. purchased a new stake in GoDaddy in the fourth quarter valued at $67,000. Finally, Global Retirement Partners LLC raised its position in GoDaddy by 31.1% in the fourth quarter. Global Retirement Partners LLC now owns 392 shares of the technology company's stock valued at $77,000 after purchasing an additional 93 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Trading Down 0.2%

Shares of NYSE:GDDY opened at $189.86 on Tuesday. GoDaddy Inc. has a 52 week low of $135.03 and a 52 week high of $216.00. The company's 50 day moving average is $178.78 and its two-hundred day moving average is $189.31. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a market cap of $27.05 billion, a PE ratio of 29.44 and a beta of 1.13.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $2.76 EPS. Equities analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $90,330.00. Following the transaction, the director now directly owns 22,121 shares of the company's stock, valued at $3,996,379.86. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $188.21, for a total transaction of $188,210.00. Following the completion of the transaction, the chief operating officer now directly owns 255,949 shares in the company, valued at $48,172,161.29. This trade represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,526 shares of company stock worth $10,243,716. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GDDY has been the topic of several research analyst reports. StockNews.com lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Barclays reduced their price target on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. B. Riley boosted their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Wells Fargo & Company began coverage on GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price objective on the stock. Finally, Royal Bank of Canada cut their price target on shares of GoDaddy from $230.00 to $225.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, GoDaddy currently has an average rating of "Moderate Buy" and a consensus target price of $214.86.

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.

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