GoDaddy Inc. $GDDY Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in GoDaddy Inc. (NYSE:GDDY) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,096 shares of the technology company’s stock after acquiring an additional 9,236 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.11% of GoDaddy worth $12,999,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of GoDaddy by 93.8% during the first quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Acuitas Investments LLC purchased a new position in shares of GoDaddy in the first quarter valued at $33,000. Perkins Coie Trust Co acquired a new stake in GoDaddy during the 2nd quarter valued at $34,000. Elevation Wealth Partners LLC grew its holdings in GoDaddy by 109.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 473 shares of the technology company’s stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Finally, Mather Group LLC. increased its stake in GoDaddy by 34.7% during the 3rd quarter. Mather Group LLC. now owns 811 shares of the technology company’s stock worth $77,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GDDY shares. Robert W. Baird boosted their price objective on shares of GoDaddy from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, September 25th. Royal Bank Of Canada downgraded GoDaddy from an “outperform” rating to a “sector perform” rating and set a $95.00 target price for the company. in a research note on Sunday, October 11th. Raymond James Financial lowered GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 target price on the stock. in a research report on Friday, July 31st. Piper Sandler reiterated a “neutral” rating and issued a $95.00 price target (up from $93.00) on shares of GoDaddy in a research note on Friday, July 31st. Finally, Cantor Fitzgerald increased their price target on GoDaddy from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, October 19th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.00.

GoDaddy Trading Down 1.8%

NYSE GDDY opened at $112.64 on Friday. GoDaddy Inc. has a 12 month low of $71.59 and a 12 month high of $137.93. The company has a debt-to-equity ratio of 561.10, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 16.71 and a beta of 0.94. The company’s fifty day moving average price is $100.20 and its two-hundred day moving average price is $91.63.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. GoDaddy had a net margin of 17.83% and a return on equity of 660.96%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. As a group, research analysts predict that GoDaddy Inc. will post 7.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Amanpal Bhutani sold 8,194 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total value of $829,150.86. Following the completion of the transaction, the chief executive officer owned 504,553 shares in the company, valued at approximately $51,055,718.07. This trade represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sigal Zarmi sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total value of $34,104.00. Following the completion of the sale, the director owned 8,283 shares of the company’s stock, valued at $807,095.52. This trade represents a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 31,358 shares of company stock valued at $3,031,831. 0.93% of the stock is owned by company insiders.

GoDaddy Profile

GoDaddy Inc (NYSE: GDDY) is a global technology company that provides online tools and services to entrepreneurs, small businesses and individuals. Its platform helps customers establish, manage and grow an online presence, with offerings that include domain-name registration, website hosting, website and online-store builders, professional email and digital marketing tools.

The company also provides services designed to support commerce and customer engagement, including e-commerce functionality, online appointment scheduling, payments and other business-management capabilities.