GoDaddy Inc. (NYSE:GDDY) Stock Position Lessened by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,441 shares of the technology company's stock after selling 27,439 shares during the period. Toronto Dominion Bank's holdings in GoDaddy were worth $9,363,000 at the end of the most recent reporting period.

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

GoDaddy Stock Down 0.6%

NYSE GDDY traded down $1.16 during trading hours on Monday, reaching $182.81. 880,082 shares of the company traded hands, compared to its average volume of 1,487,199. The stock has a market capitalization of $26.05 billion, a PE ratio of 28.34 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 12 month low of $135.73 and a 12 month high of $216.00. The company has a 50 day moving average of $179.43 and a two-hundred day moving average of $189.68.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly 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 company 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 176.06% and a net margin of 20.49%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 EPS. As a group, equities analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GDDY shares. B. Riley raised their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. UBS Group increased their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Benchmark reiterated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Piper Sandler upped their target price on shares of GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, 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. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $214.86.

Insiders Place Their Bets

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.86, for a total transaction of $572,580.00. Following the sale, the chief executive officer now directly owns 440,947 shares of the company's stock, valued at approximately $84,159,144.42. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.86, for a total transaction of $95,430.00. Following the completion of the transaction, the director now directly owns 21,121 shares of the company's stock, valued at $4,031,154.06. This trade represents a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,526 shares of company stock valued at $10,243,716 in the last quarter. Insiders own 0.61% of the company's stock.

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.