Blair William & Co. IL Has $8.32 Million Stake in GoDaddy Inc. (NYSE:GDDY)

Blair William & Co. IL reduced its position in shares of GoDaddy Inc. (NYSE:GDDY) by 32.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,541 shares of the technology company’s stock after selling 28,001 shares during the period. Blair William & Co. IL’s holdings in GoDaddy were worth $8,318,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its stake in GoDaddy by 18.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,998 shares of the technology company’s stock valued at $1,956,000 after acquiring an additional 2,227 shares in the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of GoDaddy in the second quarter valued at approximately $228,000. Citizens Financial Group Inc. RI bought a new stake in shares of GoDaddy in the second quarter worth $208,000. Renaissance Technologies LLC boosted its holdings in GoDaddy by 6.4% during the second quarter. Renaissance Technologies LLC now owns 411,598 shares of the technology company’s stock worth $57,504,000 after purchasing an additional 24,698 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in GoDaddy by 37.7% in the second quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company’s stock valued at $120,305,000 after purchasing an additional 235,934 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Piper Sandler increased their price target on GoDaddy from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird raised their price target on GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their price objective on GoDaddy from $145.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Citigroup raised their target price on shares of GoDaddy from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Five investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.08.

Insider Buying and Selling at GoDaddy

In other news, CAO Nick Daddario sold 684 shares of GoDaddy 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 completion of the sale, the chief accounting officer now owns 17,704 shares of the company’s stock, valued at $2,783,599.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 in the company, valued at $2,783,599.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total value of $500,730.00. Following the completion of the sale, the chief executive officer now owns 358,773 shares of the company’s stock, valued at $59,882,801.43. The disclosure for this sale can be found here. Insiders have sold a total of 31,744 shares of company stock valued at $4,816,386 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Stock Performance

NYSE GDDY opened at $160.48 on Friday. The stock has a market cap of $22.90 billion, a PE ratio of 13.33 and a beta of 1.13. 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 firm has a 50-day moving average of $154.36 and a 200-day moving average of $138.69. GoDaddy Inc. has a 52-week low of $71.15 and a 52-week high of $167.65.

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