41,987 Shares in GoDaddy Inc. (NYSE:GDDY) Acquired by Unigestion Holding SA

Unigestion Holding SA acquired a new stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 41,987 shares of the technology company's stock, valued at approximately $7,559,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. grew its holdings in 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 acquiring an additional 165 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of GoDaddy during the fourth quarter worth $52,000. Summit Securities Group LLC bought a new stake in shares of GoDaddy in the fourth quarter worth $58,000. Physician Wealth Advisors Inc. bought a new stake in shares of GoDaddy in the fourth quarter worth $67,000. Finally, Global Retirement Partners LLC increased its holdings in GoDaddy by 31.1% in the fourth quarter. Global Retirement Partners LLC now owns 392 shares of the technology company's stock valued at $77,000 after purchasing an additional 93 shares during the period. Institutional investors own 90.28% of the company's stock.

GoDaddy Stock Down 1.1%

NYSE GDDY traded down $2.02 on Thursday, hitting $180.27. 2,105,085 shares of the company were exchanged, compared to its average volume of 1,479,251. The stock has a fifty day moving average of $179.34 and a 200-day moving average of $189.45. GoDaddy Inc. has a 12 month low of $135.73 and a 12 month high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a market cap of $25.69 billion, a PE ratio of 27.95 and a beta of 1.13.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 earnings per share 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 net margin of 20.49% and a return on equity of 176.06%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $2.76 earnings per share. As a group, analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $174.21, for a total transaction of $174,210.00. Following the completion of the transaction, the chief operating officer now directly owns 257,949 shares of the company's stock, valued at $44,937,295.29. This represents a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $539,550.00. Following the completion of the transaction, the chief executive officer now owns 443,947 shares in the company, valued at approximately $79,843,867.95. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,526 shares of company stock worth $10,248,511. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Royal Bank of Canada lowered their price target on shares of GoDaddy from $230.00 to $225.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Piper Sandler upped their price objective 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, Barclays decreased their price objective on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Seven 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $214.86.

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.