GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,132 shares of the technology company’s stock after purchasing an additional 4,149 shares during the quarter. Epoch Investment Partners Inc. owned about 0.31% of GoDaddy worth $61,211,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in GoDaddy by 268.4% during the 2nd quarter. ProShare Advisors LLC now owns 25,880 shares of the technology company’s stock worth $3,616,000 after acquiring an additional 18,855 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of GoDaddy by 297.6% during the second quarter. Thrivent Financial for Lutherans now owns 140,302 shares of the technology company’s stock worth $19,601,000 after purchasing an additional 105,012 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of GoDaddy by 11.4% during the second quarter. Sei Investments Co. now owns 196,134 shares of the technology company’s stock worth $27,403,000 after purchasing an additional 20,081 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in GoDaddy by 2.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 33,629 shares of the technology company’s stock valued at $4,698,000 after buying an additional 681 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in GoDaddy during the 2nd quarter worth $9,430,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Benchmark lifted their target price on shares of GoDaddy from $170.00 to $186.00 and gave the company a “buy” rating in a report on Monday, August 26th. JPMorgan Chase & Co. lifted their price objective on GoDaddy from $136.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Robert W. Baird increased their target price on GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. B. Riley raised their price target on GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Citigroup upped their price objective on GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.08.

Insiders Place Their Bets

In other news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the sale, the chief operating officer now directly owns 187,632 shares in the company, valued at $28,551,961.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other GoDaddy news, CAO Nick Daddario sold 684 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total value of $107,545.32. Following the completion of the sale, the chief accounting officer now directly owns 17,704 shares of the company’s stock, valued at approximately $2,783,599.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $152.17, for a total value of $152,170.00. Following the completion of the transaction, the chief operating officer now owns 187,632 shares of the company’s stock, valued at $28,551,961.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,744 shares of company stock valued at $4,816,386. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $160.55 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. The company’s 50-day moving average price is $154.36 and its 200 day moving average price is $139.11. GoDaddy Inc. has a 52 week low of $71.15 and a 52 week high of $167.65. The stock has a market cap of $22.91 billion, a price-to-earnings ratio of 13.33 and a beta of 1.13.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.06). GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that GoDaddy Inc. will post 5.06 earnings per share 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.