XTX Topco Ltd Purchases New Shares in GoDaddy Inc. (NYSE:GDDY)

XTX Topco Ltd purchased a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,109 shares of the technology company's stock, valued at approximately $2,722,000.

Several other institutional investors have also bought and sold shares of the stock. Cornerstone Planning Group LLC raised its position in GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of GoDaddy during the first quarter worth about $27,000. Private Trust Co. NA raised its holdings in GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after acquiring an additional 136 shares in the last quarter. GW&K Investment Management LLC raised its stake in GoDaddy by 307.9% in the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock valued at $46,000 after buying an additional 194 shares during the period. Finally, City Holding Co. increased its stake in shares of GoDaddy by 30.0% during the first quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Wall Street Analysts Forecast Growth

GDDY has been the topic of a number of research analyst reports. Piper Sandler raised their target price on GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Barclays dropped their price objective on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $225.00 target price on shares of GoDaddy in a research note on Monday, June 23rd. Jefferies Financial Group cut their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Finally, Citigroup lowered their target price on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a report on Friday, April 25th. Seven investment 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $214.86.

GoDaddy Price Performance

Shares of GDDY traded down $5.16 during midday trading on Friday, hitting $156.42. 1,888,660 shares of the company traded hands, compared to its average volume of 1,480,242. The firm has a 50 day moving average of $175.07 and a 200-day moving average of $181.89. 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 stock has a market cap of $22.29 billion, a price-to-earnings ratio of 30.08 and a beta of 1.05. GoDaddy Inc. has a 52 week low of $144.72 and a 52 week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the business posted $2.76 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Phontip Palitwanon sold 2,173 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $177.87, for a total transaction of $386,511.51. Following the sale, the chief accounting officer owned 21,198 shares in the company, valued at approximately $3,770,488.26. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $179.68, for a total transaction of $89,840.00. Following the sale, the director owned 21,957 shares in the company, valued at approximately $3,945,233.76. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,257 shares of company stock valued at $11,575,910 over 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.