GoDaddy Inc. (NYSE:GDDY) Shares Sold by Natixis

Natixis cut its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 96.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 486 shares of the technology company's stock after selling 11,737 shares during the period. Natixis' holdings in GoDaddy were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GDDY. MetLife Investment Management LLC increased its holdings in shares of GoDaddy by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 43,308 shares of the technology company's stock worth $8,548,000 after buying an additional 211 shares during the last quarter. Capital International Inc. CA lifted its stake in shares of GoDaddy by 6.2% in the 4th quarter. Capital International Inc. CA now owns 43,923 shares of the technology company's stock valued at $8,669,000 after purchasing an additional 2,571 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of GoDaddy by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,025,719 shares of the technology company's stock worth $202,465,000 after purchasing an additional 54,288 shares during the period. Epoch Investment Partners Inc. increased its position in shares of GoDaddy by 3.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 470,133 shares of the technology company's stock worth $92,790,000 after purchasing an additional 15,348 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new stake in GoDaddy in the 4th quarter valued at about $343,000. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total transaction of $171,750.00. Following the completion of the sale, the chief operating officer now owns 256,949 shares in the company, valued at $44,130,990.75. This represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the completion of the transaction, the director now owns 21,621 shares in the company, valued at approximately $3,888,536.85. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Upgrades and Downgrades

A number of brokerages have weighed in on GDDY. Piper Sandler lifted their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Jefferies Financial Group dropped their target price on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a report on Monday, April 7th. Wells Fargo & Company began coverage on GoDaddy in a research note on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price target on the stock. Citigroup dropped their price objective on GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Benchmark restated a "buy" rating on shares of GoDaddy in a report on Monday. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.60.

GoDaddy Stock Up 2.2 %

GDDY stock traded up $4.09 during trading on Thursday, hitting $192.42. 422,780 shares of the company's stock were exchanged, compared to its average volume of 1,469,869. The business has a 50-day moving average price of $176.06 and a two-hundred day moving average price of $186.90. 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 stock has a market capitalization of $27.20 billion, a price-to-earnings ratio of 29.89 and a beta of 1.19. GoDaddy Inc. has a 52-week low of $120.59 and a 52-week high of $216.00.

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 the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

GoDaddy Company 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.