TD Asset Management Inc Decreases Stock Holdings in GoDaddy Inc. $GDDY

TD Asset Management Inc reduced its stake in shares of GoDaddy Inc. (NYSE:GDDYFree Report) by 37.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,292 shares of the technology company’s stock after selling 96,390 shares during the quarter. TD Asset Management Inc’s holdings in GoDaddy were worth $20,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Coldstream Capital Management Inc. lifted its stake in shares of GoDaddy by 4.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company’s stock worth $258,000 after purchasing an additional 86 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of GoDaddy by 0.9% during the 3rd quarter. Clearstead Advisors LLC now owns 12,324 shares of the technology company’s stock worth $1,686,000 after purchasing an additional 104 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in shares of GoDaddy by 1.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,136 shares of the technology company’s stock worth $2,185,000 after purchasing an additional 119 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of GoDaddy by 6.2% during the 4th quarter. Lido Advisors LLC now owns 2,083 shares of the technology company’s stock worth $283,000 after purchasing an additional 121 shares during the last quarter. Finally, Martin Capital Advisors LLP lifted its stake in shares of GoDaddy by 1.5% during the 4th quarter. Martin Capital Advisors LLP now owns 9,082 shares of the technology company’s stock worth $1,127,000 after purchasing an additional 130 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Trading Up 0.3%

GoDaddy stock opened at $84.59 on Monday. The stock has a 50-day moving average of $85.70 and a two-hundred day moving average of $99.42. The company has a debt-to-equity ratio of 15.86, a quick ratio of 0.67 and a current ratio of 0.67. GoDaddy Inc. has a one year low of $73.06 and a one year high of $183.34. The stock has a market cap of $11.20 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.76 and a beta of 0.90.

GoDaddy (NYSE:GDDYGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $1.51 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that GoDaddy Inc. will post 7.17 EPS for the current fiscal year.

Analyst Ratings Changes

GDDY has been the subject of a number of analyst reports. UBS Group initiated coverage on GoDaddy in a research note on Tuesday, May 5th. They set a “neutral” rating and a $100.00 price objective for the company. Evercore set a $95.00 price target on GoDaddy in a research note on Wednesday, February 25th. Piper Sandler initiated coverage on GoDaddy in a research note on Thursday, March 12th. They issued a “neutral” rating and a $93.00 price target for the company. Royal Bank Of Canada decreased their price target on GoDaddy from $200.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company increased their price target on GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.57.

View Our Latest Research Report on GoDaddy

Insider Transactions at GoDaddy

In other news, CAO Phontip Palitwanon sold 1,310 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $90.15, for a total value of $118,096.50. Following the transaction, the chief accounting officer directly owned 20,349 shares of the company’s stock, valued at approximately $1,834,462.35. This represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sigal Zarmi sold 350 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $87.84, for a total value of $30,744.00. Following the completion of the transaction, the director directly owned 5,708 shares in the company, valued at $501,390.72. This represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,561 shares of company stock valued at $1,308,104 over the last three months. Company insiders own 0.93% of the company’s stock.

GoDaddy Company Profile

(Free Report)

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.

See Also

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Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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