Deutsche Bank AG Has $164.97 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Deutsche Bank AG grew its position in GoDaddy Inc. (NYSE:GDDY) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 835,861 shares of the technology company’s stock after purchasing an additional 100,256 shares during the quarter. Deutsche Bank AG owned about 0.60% of GoDaddy worth $164,974,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Barclays PLC raised its stake in GoDaddy by 28.7% in the 3rd quarter. Barclays PLC now owns 447,425 shares of the technology company’s stock worth $70,147,000 after purchasing an additional 99,734 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of GoDaddy by 3.4% in the third quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock valued at $31,052,000 after buying an additional 6,424 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of GoDaddy by 2.4% in the fourth quarter. Nordea Investment Management AB now owns 12,804 shares of the technology company’s stock valued at $2,530,000 after buying an additional 303 shares during the period. Czech National Bank grew its position in GoDaddy by 6.1% during the fourth quarter. Czech National Bank now owns 30,440 shares of the technology company’s stock worth $6,008,000 after buying an additional 1,739 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new position in GoDaddy during the 4th quarter worth $1,045,000. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GDDY. Raymond James increased their target price on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group increased their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company assumed coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 target price for the company. StockNews.com upgraded shares of GoDaddy from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Finally, Barclays lowered their price objective on shares of GoDaddy from $243.00 to $235.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $214.86.

GoDaddy Trading Down 0.3 %

NYSE GDDY opened at $182.51 on Friday. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 28.30 and a beta of 1.13. GoDaddy Inc. has a twelve month low of $131.84 and a twelve month high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The business’s fifty day moving average is $177.00 and its 200 day moving average is $187.84.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.08). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.76 earnings per share. As a group, sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 22,121 shares in the company, valued at approximately $3,996,379.86. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $194.28, for a total transaction of $194,280.00. Following the completion of the transaction, the chief operating officer now owns 182,632 shares in the company, valued at $35,481,744.96. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,500 shares of company stock worth $10,244,835. 0.61% of the stock is currently owned by company insiders.

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.