GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 93.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 996,538 shares of the technology company's stock after buying an additional 480,263 shares during the period. Nuveen Asset Management LLC owned approximately 0.71% of GoDaddy worth $196,687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its position in 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 purchasing an additional 99,734 shares during the period. Assenagon Asset Management S.A. raised its position in shares of GoDaddy by 7.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 89,110 shares of the technology company's stock worth $17,588,000 after acquiring an additional 5,955 shares in the last quarter. Kathmere Capital Management LLC lifted its position in GoDaddy by 5.4% during the fourth quarter. Kathmere Capital Management LLC now owns 3,301 shares of the technology company's stock valued at $652,000 after acquiring an additional 168 shares during the last quarter. Park Avenue Securities LLC lifted its position in GoDaddy by 109.4% during the fourth quarter. Park Avenue Securities LLC now owns 16,560 shares of the technology company's stock valued at $3,268,000 after acquiring an additional 8,650 shares during the last quarter. Finally, Carolina Wealth Advisors LLC lifted its position in GoDaddy by 345.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 1,381 shares of the technology company's stock valued at $273,000 after acquiring an additional 1,071 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Benchmark reiterated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Citigroup lowered their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group dropped their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research report on Monday, April 7th. Raymond James upped their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Barclays dropped their price objective on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $214.86.

Insider Activity

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $541,980.00. Following the sale, the chief executive officer now owns 505,649 shares of the company's stock, valued at approximately $91,350,548.34. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $90,330.00. Following the completion of the sale, the director now owns 22,121 shares of the company's stock, valued at approximately $3,996,379.86. This trade represents a 2.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,500 shares of company stock valued at $10,050,555 in the last quarter. Insiders own 0.61% of the company's stock.

GoDaddy Price Performance

GDDY stock traded down $0.34 during mid-day trading on Monday, reaching $189.86. The company's stock had a trading volume of 781,974 shares, compared to its average volume of 1,478,559. The stock has a market cap of $27.05 billion, a PE ratio of 29.44 and a beta of 1.13. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a fifty-two week low of $135.03 and a fifty-two week high of $216.00. The company's 50 day moving average is $178.78 and its two-hundred day moving average is $189.31.

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 for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The firm's revenue was up 8.6% on a year-over-year basis. Equities research analysts expect 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.