Robeco Institutional Asset Management B.V. Acquires 140,140 Shares of GoDaddy Inc. (NYSE:GDDY)

Robeco Institutional Asset Management B.V. increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Get Rating) by 243.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,750 shares of the technology company's stock after purchasing an additional 140,140 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.13% of GoDaddy worth $14,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new stake in GoDaddy in the 1st quarter worth $31,000. Wipfli Financial Advisors LLC purchased a new stake in shares of GoDaddy in the third quarter worth about $33,000. Cullen Frost Bankers Inc. boosted its stake in GoDaddy by 152.5% during the third quarter. Cullen Frost Bankers Inc. now owns 505 shares of the technology company's stock valued at $36,000 after buying an additional 305 shares during the last quarter. Sentry Investment Management LLC purchased a new position in GoDaddy during the 3rd quarter valued at approximately $44,000. Finally, Tobam increased its stake in GoDaddy by 105.6% in the 3rd quarter. Tobam now owns 839 shares of the technology company's stock worth $59,000 after acquiring an additional 431 shares during the last quarter. Institutional investors own 97.32% of the company's stock.

Insider Buying and Selling at GoDaddy

In other news, CAO Nick Daddario sold 806 shares of GoDaddy stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $84.16, for a total transaction of $67,832.96. Following the completion of the sale, the chief accounting officer now directly owns 14,649 shares in the company, valued at $1,232,859.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other GoDaddy news, CAO Nick Daddario sold 806 shares of the company's stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $84.16, for a total value of $67,832.96. Following the transaction, the chief accounting officer now directly owns 14,649 shares in the company, valued at approximately $1,232,859.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 1,353 shares of the firm's stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $74.47, for a total transaction of $100,757.91. Following the transaction, the chief executive officer now directly owns 214,186 shares in the company, valued at $15,950,431.42. The disclosure for this sale can be found here. Insiders have sold 29,484 shares of company stock valued at $2,237,822 in the last quarter. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on GDDY shares. StockNews.com started coverage on GoDaddy in a research report on Thursday. They set a "buy" rating for the company. Piper Sandler restated an "overweight" rating and issued a $100.00 target price on shares of GoDaddy in a report on Friday, February 10th. Barclays decreased their target price on shares of GoDaddy from $104.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 15th. Jefferies Financial Group lowered GoDaddy from a "buy" rating to a "hold" rating and set a $80.00 price target for the company. in a research report on Monday, January 9th. Finally, Evercore ISI upgraded GoDaddy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $86.00 to $103.00 in a research report on Wednesday, January 18th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.89.

GoDaddy Price Performance

GoDaddy stock opened at $73.14 on Friday. The firm has a market capitalization of $11.25 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 1.79 and a beta of 0.97. GoDaddy Inc. has a 1-year low of $64.65 and a 1-year high of $88.32. The company's 50-day moving average is $77.86 and its 200 day moving average is $75.86.

GoDaddy (NYSE:GDDY - Get Rating) last released its earnings results on Tuesday, February 14th. The technology company reported $0.62 EPS for the quarter, meeting analysts' consensus estimates of $0.62. GoDaddy had a negative return on equity of 93.48% and a net margin of 8.61%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.04 billion. Research analysts anticipate that GoDaddy Inc. will post 2.71 earnings per share for the current fiscal year.

GoDaddy Company Profile

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GoDaddy, Inc engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. It operates through the Applications and Commerce (A and C) and Core Platform (Core) segments. The A and C segment consists of sales of products containing proprietary software, commerce products and third-party email and productivity solutions.

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