Nebula Research & Development LLC Sells 1,641 Shares of GoDaddy Inc. (NYSE:GDDY)

Nebula Research & Development LLC decreased its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,488 shares of the technology company's stock after selling 1,641 shares during the quarter. Nebula Research & Development LLC's holdings in GoDaddy were worth $491,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of GoDaddy by 28.7% during the 3rd quarter. Barclays PLC now owns 447,425 shares of the technology company's stock valued at $70,147,000 after buying an additional 99,734 shares in the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in shares of GoDaddy by 86.8% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 15,012 shares of the technology company's stock worth $2,340,000 after purchasing an additional 6,974 shares during the period. Anchor Investment Management LLC bought a new position in shares of GoDaddy in the third quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of GoDaddy in the third quarter worth $922,000. Finally, Tidal Investments LLC raised its position in shares of GoDaddy by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 18,643 shares of the technology company's stock valued at $2,923,000 after purchasing an additional 5,205 shares during the period. 90.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Brian Sharples sold 500 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $90,330.00. Following the completion of the sale, the director now owns 22,121 shares in the company, valued at approximately $3,996,379.86. The trade was a 2.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $194.28, for a total transaction of $194,280.00. Following the transaction, the chief operating officer now owns 182,632 shares in the company, valued at approximately $35,481,744.96. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,500 shares of company stock valued at $2,791,200. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GDDY shares. Benchmark reaffirmed a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. UBS Group increased their target price on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Raymond James lifted their target price on GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. Piper Sandler upped their price target on GoDaddy from $177.00 to $180.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Citigroup reduced their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $214.21.

GoDaddy Trading Up 2.6 %

GoDaddy stock traded up $4.65 during mid-day trading on Monday, hitting $180.92. The company's stock had a trading volume of 348,662 shares, compared to its average volume of 1,471,717. 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 company has a 50 day moving average of $176.43 and a 200-day moving average of $187.51. GoDaddy Inc. has a one year low of $124.83 and a one year high of $216.00. The stock has a market cap of $25.57 billion, a PE ratio of 27.99 and a beta of 1.13.

GoDaddy (NYSE:GDDY - Get Free Report) last posted 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). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the business earned $2.76 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

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.