Fiera Capital Corp Raises Stock Position in GoDaddy Inc. (NYSE:GDDY)

Fiera Capital Corp raised its holdings in shares of GoDaddy Inc. (NYSE:GDDYFree Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 828,124 shares of the technology company’s stock after acquiring an additional 10,312 shares during the quarter. Fiera Capital Corp owned approximately 0.59% of GoDaddy worth $87,914,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GDDY. Massmutual Trust Co. FSB ADV lifted its holdings in GoDaddy by 140.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after purchasing an additional 205 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of GoDaddy in the third quarter worth $43,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of GoDaddy during the third quarter worth $44,000. UMB Bank n.a. purchased a new position in GoDaddy during the fourth quarter valued at $50,000. Finally, Tobam purchased a new position in GoDaddy during the fourth quarter valued at $60,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on GDDY. Morgan Stanley increased their price objective on shares of GoDaddy from $132.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. UBS Group raised their price target on GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. StockNews.com raised GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Benchmark reissued a “buy” rating and issued a $150.00 target price on shares of GoDaddy in a report on Wednesday, May 1st. Finally, Raymond James began coverage on shares of GoDaddy in a research note on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $142.73.

Read Our Latest Stock Report on GoDaddy

GoDaddy Trading Up 0.5 %

NYSE GDDY traded up $0.68 during trading on Friday, hitting $135.69. The stock had a trading volume of 795,733 shares, compared to its average volume of 1,428,967. GoDaddy Inc. has a one year low of $69.18 and a one year high of $136.90. The stock has a 50 day simple moving average of $123.64 and a 200 day simple moving average of $110.10. The stock has a market capitalization of $19.33 billion, a price-to-earnings ratio of 11.27 and a beta of 1.09. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55 and a current ratio of 0.55.

GoDaddy (NYSE:GDDYGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Sell-side analysts predict that GoDaddy Inc. will post 4.81 earnings per share for the current year.

Insider Buying and Selling at GoDaddy

In other news, CAO Nick Daddario sold 1,823 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $110.54, for a total transaction of $201,514.42. Following the completion of the sale, the chief accounting officer now directly owns 25,263 shares of the company’s stock, valued at $2,792,572.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Mark Mccaffrey sold 28,392 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $110.54, for a total value of $3,138,451.68. Following the transaction, the chief financial officer now owns 120,952 shares of the company’s stock, valued at $13,370,034.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Nick Daddario sold 1,823 shares of GoDaddy stock in a transaction on Monday, March 4th. The shares were sold at an average price of $110.54, for a total value of $201,514.42. Following the sale, the chief accounting officer now directly owns 25,263 shares of the company’s stock, valued at $2,792,572.02. The disclosure for this sale can be found here. Insiders have sold 129,292 shares of company stock valued at $14,567,860 in the last quarter. 0.54% of the stock is owned by insiders.

GoDaddy Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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