TD Waterhouse Canada Inc. Grows Holdings in GoDaddy Inc. (NYSE:GDDY)

TD Waterhouse Canada Inc. raised its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 514.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,825 shares of the technology company's stock after purchasing an additional 2,365 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in GoDaddy were worth $557,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. WCM Investment Management LLC boosted its holdings in GoDaddy by 7,083.4% in the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock valued at $678,941,000 after purchasing an additional 3,356,678 shares during the last quarter. Norges Bank purchased a new position in shares of GoDaddy during the 4th quarter valued at approximately $356,038,000. Canada Pension Plan Investment Board grew its position in shares of GoDaddy by 107.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after acquiring an additional 719,000 shares during the period. Congress Asset Management Co. acquired a new stake in GoDaddy in the 4th quarter valued at $111,923,000. Finally, Amundi lifted its stake in GoDaddy by 84.4% in the 4th quarter. Amundi now owns 931,874 shares of the technology company's stock valued at $183,710,000 after buying an additional 426,501 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Performance

GoDaddy stock traded up $4.07 during trading hours on Thursday, reaching $192.40. 422,780 shares of the company were exchanged, compared to its average volume of 1,469,875. GoDaddy Inc. has a 12 month low of $120.59 and a 12 month high of $216.00. 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 firm has a market cap of $27.20 billion, a price-to-earnings ratio of 29.89 and a beta of 1.19. The stock has a 50-day moving average of $176.06 and a 200 day moving average of $186.90.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on GDDY. UBS Group lifted their price target on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Raymond James boosted their target price on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 21st. Wells Fargo & Company assumed coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 target price for the company. Barclays increased their price target on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Citigroup reduced their target price 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. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.60.

Insider Buying and Selling

In related news, COO Roger Chen sold 1,000 shares of GoDaddy 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 transaction, the chief operating officer now owns 256,949 shares of the company's stock, valued at $44,130,990.75. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the sale, the director now directly owns 22,621 shares of the company's stock, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock worth $3,518,150 over the last ninety days. Company insiders own 0.61% of the company's stock.

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.