Siemens Fonds Invest GmbH Acquires 27,658 Shares of GoDaddy Inc. (NYSE:GDDY)

Siemens Fonds Invest GmbH boosted its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 1,842.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,159 shares of the technology company's stock after acquiring an additional 27,658 shares during the quarter. Siemens Fonds Invest GmbH's holdings in GoDaddy were worth $5,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of GoDaddy by 28.7% during the third quarter. Barclays PLC now owns 447,425 shares of the technology company's stock worth $70,147,000 after buying an additional 99,734 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of GoDaddy by 11.3% during the fourth quarter. Fifth Third Bancorp now owns 993 shares of the technology company's stock worth $196,000 after buying an additional 101 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of GoDaddy by 50.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 552 shares of the technology company's stock worth $109,000 after buying an additional 184 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of GoDaddy during the fourth quarter worth $262,000. Finally, Blue Trust Inc. grew its stake in shares of GoDaddy by 40.5% during the fourth quarter. Blue Trust Inc. now owns 1,072 shares of the technology company's stock worth $212,000 after buying an additional 309 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

GoDaddy Trading Up 0.8%

GDDY stock traded up $1.44 during midday trading on Friday, hitting $182.14. The stock had a trading volume of 1,989,421 shares, compared to its average volume of 1,486,329. The firm has a market cap of $25.95 billion, a P/E ratio of 28.24 and a beta of 1.13. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 1-year low of $135.73 and a 1-year high of $216.00. The business has a fifty day moving average price of $179.33 and a two-hundred day moving average price of $189.52.

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 the consensus estimate of $1.35 by ($0.08). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. GoDaddy's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 EPS. On average, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GDDY has been the topic of a number of recent research reports. Wall Street Zen lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price target on the stock. Barclays cut their price target on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. 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 report on Tuesday, May 6th. Finally, Piper Sandler lifted their price target on shares of GoDaddy from $177.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $214.86.

Insider Activity

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's 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 transaction, the chief executive officer now owns 505,649 shares in the company, valued at approximately $91,350,548.34. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $90,330.00. Following the transaction, the director now owns 22,121 shares in the company, valued at $3,996,379.86. This represents a 2.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,526 shares of company stock worth $10,243,716. Company 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.