Hsbc Holdings PLC Trims Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Hsbc Holdings PLC decreased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 427,142 shares of the technology company's stock after selling 52,635 shares during the period. Hsbc Holdings PLC owned approximately 0.30% of GoDaddy worth $84,279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GDDY. Anchor Investment Management LLC bought a new stake in GoDaddy during the third quarter worth about $31,000. Versant Capital Management Inc acquired a new position in shares of GoDaddy in the 4th quarter worth approximately $43,000. Rakuten Securities Inc. lifted its holdings in GoDaddy by 311.3% in the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after buying an additional 165 shares during the period. Friedenthal Financial bought a new stake in GoDaddy in the fourth quarter worth approximately $49,000. Finally, OFI Invest Asset Management acquired a new position in shares of GoDaddy during the 4th quarter valued at $52,000. Institutional investors own 90.28% of the company's stock.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total transaction of $171,750.00. Following the transaction, the chief operating officer now owns 256,949 shares in the company, valued at approximately $44,130,990.75. This represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the sale, the director now directly owns 22,621 shares in the company, valued at approximately $4,698,381.70. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,000 shares of company stock worth $3,518,150. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

GDDY has been the topic of several recent research reports. StockNews.com lowered GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. UBS Group raised their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Barclays increased their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Morgan Stanley reduced their target price on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.60.

GoDaddy Trading Up 1.1 %

Shares of GoDaddy stock traded up $1.95 on Tuesday, hitting $187.02. The stock had a trading volume of 352,977 shares, compared to its average volume of 1,468,431. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a one year low of $120.59 and a one year high of $216.00. The stock's 50-day simple moving average is $175.53 and its two-hundred day simple moving average is $186.88. The stock has a market cap of $26.44 billion, a price-to-earnings ratio of 29.01 and a beta of 1.19.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

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.