GoDaddy Inc. (NYSE:GDDY) Shares Sold by Toronto Dominion Bank

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

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in GoDaddy by 311.3% in 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 during the period. OFI Invest Asset Management purchased a new stake in GoDaddy in the 4th quarter worth $52,000. Summit Securities Group LLC purchased a new stake in GoDaddy in the 4th quarter worth $58,000. Physician Wealth Advisors Inc. purchased a new stake in GoDaddy in the 4th quarter worth $67,000. Finally, Global Retirement Partners LLC increased 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GDDY. Jefferies Financial Group cut their price target on GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a research note on Monday, April 7th. Royal Bank of Canada cut their price objective on GoDaddy from $230.00 to $225.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Piper Sandler raised their price objective on GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley cut their price objective on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Wall Street Zen lowered GoDaddy from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $214.86.

GoDaddy Stock Down 0.2%

NYSE:GDDY traded down $0.31 during trading hours on Monday, reaching $181.84. The company's stock had a trading volume of 1,025,342 shares, compared to its average volume of 1,474,561. The company has a market capitalization of $25.91 billion, a P/E ratio of 28.19 and a beta of 1.13. GoDaddy Inc. has a 12 month low of $135.73 and a 12 month high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The stock has a 50 day moving average price of $179.30 and a two-hundred day moving average price of $189.55.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). The business had revenue of $1.19 billion during 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $2.76 EPS. Equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $539,550.00. Following the transaction, the chief executive officer now directly owns 443,947 shares of the company's stock, valued at approximately $79,843,867.95. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.86, for a total value of $95,430.00. Following the transaction, the director now directly owns 21,121 shares in the company, valued at approximately $4,031,154.06. The trade was a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,026 shares of company stock valued at $9,611,406 over the last 90 days. Corporate 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.