GoDaddy Inc. (NYSE:GDDY) Stock Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,187 shares of the technology company’s stock after acquiring an additional 5,818 shares during the quarter. SG Americas Securities LLC’s holdings in GoDaddy were worth $5,830,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of GoDaddy during the 2nd quarter worth about $28,000. ORG Partners LLC acquired a new position in shares of GoDaddy during the 2nd quarter worth about $32,000. V Square Quantitative Management LLC acquired a new position in shares of GoDaddy during the 4th quarter worth about $28,000. International Assets Investment Management LLC acquired a new position in shares of GoDaddy during the 2nd quarter worth about $36,000. Finally, GAMMA Investing LLC lifted its position in shares of GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 133 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GoDaddy

In other news, CAO Nick Daddario sold 684 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $157.23, for a total value of $107,545.32. Following the transaction, the chief accounting officer now directly owns 17,704 shares in the company, valued at $2,783,599.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Nick Daddario sold 684 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $157.23, for a total transaction of $107,545.32. Following the sale, the chief accounting officer now owns 17,704 shares of the company’s stock, valued at approximately $2,783,599.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $166.91, for a total value of $500,730.00. Following the sale, the chief executive officer now directly owns 358,773 shares in the company, valued at $59,882,801.43. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,744 shares of company stock worth $4,950,771. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GDDY. Robert W. Baird boosted their price objective on GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. StockNews.com cut GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Benchmark upped their price target on GoDaddy from $170.00 to $186.00 and gave the company a “buy” rating in a report on Monday, August 26th. Raymond James upped their price target on GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $172.00 price target (up previously from $160.00) on shares of GoDaddy in a report on Monday, September 23rd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and an average price target of $166.54.

GoDaddy Stock Up 1.2 %

Shares of GDDY opened at $156.33 on Friday. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of 12.98 and a beta of 1.12. The company has a debt-to-equity ratio of 24.13, a quick ratio of 0.48 and a current ratio of 0.48. The business’s fifty day moving average price is $156.54 and its two-hundred day moving average price is $141.72. GoDaddy Inc. has a 52 week low of $71.15 and a 52 week high of $167.65.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, analysts predict that GoDaddy Inc. will post 5.06 earnings per share for the current year.

GoDaddy Company 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.