4,621 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,621 shares of the technology company's stock, valued at approximately $912,000.

Several other institutional investors have also added to or reduced their stakes in GDDY. Rakuten Securities Inc. grew 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 worth $43,000 after purchasing an additional 165 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of GoDaddy during the fourth quarter valued at about $52,000. Summit Securities Group LLC bought a new stake in GoDaddy in the fourth quarter worth about $58,000. Physician Wealth Advisors Inc. bought a new stake in GoDaddy during the 4th quarter worth approximately $67,000. Finally, Global Retirement Partners LLC grew its stake in GoDaddy by 31.1% in the 4th quarter. Global Retirement Partners LLC now owns 392 shares of the technology company's stock worth $77,000 after buying an additional 93 shares in the last quarter. 90.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Mark Mccaffrey sold 37,500 shares of GoDaddy stock in a transaction on Monday, May 5th. The shares were sold at an average price of $180.95, for a total value of $6,785,625.00. Following the transaction, the chief financial officer now directly owns 77,250 shares of the company's stock, valued at $13,978,387.50. The trade was a 32.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $541,980.00. Following the completion of the sale, the chief executive officer now directly owns 505,649 shares in the company, valued at approximately $91,350,548.34. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,526 shares of company stock worth $10,243,716. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GDDY. Wells Fargo & Company began coverage on shares of GoDaddy in a research note on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target for the company. JPMorgan Chase & Co. lifted their price target 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. Jefferies Financial Group reduced their target price on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday, April 7th. B. Riley upped their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, UBS Group upped their price target on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.86.

GoDaddy Stock Down 0.6%

Shares of NYSE GDDY traded down $1.16 during trading hours on Friday, hitting $182.81. 880,082 shares of the stock were exchanged, compared to its average volume of 1,487,199. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The company has a market cap of $26.05 billion, a PE ratio of 28.34 and a beta of 1.13. The firm has a fifty day moving average price of $179.43 and a 200-day moving average price of $189.68. GoDaddy Inc. has a 12 month low of $135.73 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $2.76 earnings per share. On average, 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.