Robeco Institutional Asset Management B.V. Has $56.30 Million Stake in GoDaddy Inc. (NYSE:GDDY)

Robeco Institutional Asset Management B.V. grew its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,515 shares of the technology company's stock after buying an additional 2,702 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.22% of GoDaddy worth $56,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in GoDaddy by 11.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company's stock valued at $751,778,000 after buying an additional 395,160 shares in the last quarter. Geode Capital Management LLC lifted its holdings in GoDaddy by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company's stock valued at $692,245,000 after acquiring an additional 90,810 shares during the last quarter. Invesco Ltd. boosted its position in shares of GoDaddy by 11.6% during the 4th quarter. Invesco Ltd. now owns 2,913,930 shares of the technology company's stock valued at $575,122,000 after purchasing an additional 304,033 shares in the last quarter. Norges Bank bought a new position in shares of GoDaddy during the 4th quarter valued at about $356,038,000. Finally, Northern Trust Corp grew its stake in shares of GoDaddy by 8.8% in the 4th quarter. Northern Trust Corp now owns 1,430,180 shares of the technology company's stock worth $282,275,000 after purchasing an additional 115,341 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Phontip Palitwanon sold 2,173 shares of the 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 transaction, the chief accounting officer owned 21,198 shares in the company, valued at approximately $3,770,488.26. This represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $175,960.00. Following the transaction, the chief operating officer directly owned 254,949 shares in the company, valued at approximately $44,860,826.04. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,632 shares of company stock valued at $12,602,635. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup cut their target price on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Benchmark reissued a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Jefferies Financial Group decreased their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. upped their target price on GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Piper Sandler increased their price target on GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, GoDaddy presently has an average rating of "Moderate Buy" and a consensus price target of $214.86.

GoDaddy Stock Down 0.0%

Shares of NYSE GDDY traded down $0.05 during mid-day trading on Monday, reaching $180.02. The company had a trading volume of 1,483,342 shares, compared to its average volume of 1,335,125. The company has a debt-to-equity ratio of 18.91, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $25.65 billion, a price-to-earnings ratio of 34.62 and a beta of 1.07. The stock has a fifty day moving average of $181.70 and a two-hundred day moving average of $186.59. GoDaddy Inc. has a 12-month low of $138.48 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last released its 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 company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.76 EPS. As a group, equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

About GoDaddy

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.