GoDaddy Inc. (NYSE:GDDY) Position Increased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in GoDaddy Inc. (NYSE:GDDY) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,806 shares of the technology company’s stock after purchasing an additional 4,193 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of GoDaddy worth $24,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GDDY. Cornerstone Planning Group LLC grew its position in GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after buying an additional 79 shares in the last quarter. Park Square Financial Group LLC bought a new position in GoDaddy in the 1st quarter valued at $27,000. Private Trust Co. NA boosted its position in GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. GW&K Investment Management LLC lifted its stake in GoDaddy by 307.9% in the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company’s stock valued at $46,000 after buying an additional 194 shares during the period. Finally, City Holding Co. boosted its holdings in GoDaddy by 30.0% during the first quarter. City Holding Co. now owns 260 shares of the technology company’s stock worth $47,000 after buying an additional 60 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Mark Mccaffrey sold 625 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $177.08, for a total value of $110,675.00. Following the completion of the sale, the chief financial officer directly owned 73,459 shares in the company, valued at $13,008,119.72. This trade represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $176.93, for a total value of $1,061,580.00. Following the completion of the sale, the chief executive officer owned 425,015 shares of the company’s stock, valued at approximately $75,197,903.95. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,757 shares of company stock worth $12,243,920. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on GDDY. Jefferies Financial Group dropped their price objective on GoDaddy from $200.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. lifted their price target on GoDaddy from $231.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Morgan Stanley dropped their price target on GoDaddy from $228.00 to $206.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price target on GoDaddy from $243.00 to $235.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Finally, Piper Sandler lifted their price target on GoDaddy from $177.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned 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 price target of $214.86.

GoDaddy Stock Down 1.3%

Shares of NYSE:GDDY opened at $167.13 on Thursday. The company has a fifty day moving average of $177.82 and a 200-day moving average of $183.18. The company has a market capitalization of $23.81 billion, a PE ratio of 32.14 and a beta of 1.05. The company has a debt-to-equity ratio of 18.91, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a 52-week low of $140.11 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.08). GoDaddy had a net margin of 16.20% and a return on equity of 211.09%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company earned $2.76 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

About GoDaddy

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.