GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 25.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,074 shares of the technology company’s stock after acquiring an additional 5,986 shares during the period. Nisa Investment Advisors LLC’s holdings in GoDaddy were worth $4,558,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in GoDaddy by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock valued at $2,837,000 after purchasing an additional 67 shares during the period. Whittier Trust Co. raised its holdings in GoDaddy by 4.3% in the 2nd quarter. Whittier Trust Co. now owns 1,781 shares of the technology company’s stock valued at $249,000 after buying an additional 74 shares during the period. Atomi Financial Group Inc. lifted its position in GoDaddy by 7.6% in the third quarter. Atomi Financial Group Inc. now owns 1,861 shares of the technology company’s stock valued at $292,000 after buying an additional 131 shares during the last quarter. Signaturefd LLC boosted its stake in GoDaddy by 6.3% during the second quarter. Signaturefd LLC now owns 2,480 shares of the technology company’s stock worth $346,000 after buying an additional 148 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of GoDaddy by 28.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 681 shares of the technology company’s stock valued at $95,000 after acquiring an additional 152 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Trading Up 3.1 %

NYSE GDDY opened at $166.68 on Friday. GoDaddy Inc. has a 52 week low of $72.14 and a 52 week high of $171.93. The firm has a 50 day moving average of $159.08 and a two-hundred day moving average of $146.68. The stock has a market capitalization of $23.78 billion, a PE ratio of 13.84 and a beta of 1.12. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 24.13.

GoDaddy (NYSE:GDDY) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. GoDaddy’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, research analysts expect that GoDaddy Inc. will post 5.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on GDDY. Robert W. Baird upped their price objective on shares of GoDaddy from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday. Piper Sandler boosted their target price on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank of Canada increased their target price on GoDaddy from $145.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Benchmark boosted their price target on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, StockNews.com raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average target price of $170.23.

Insider Transactions at GoDaddy

In related news, Director Sigal Zarmi sold 400 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the transaction, the director now directly owns 4,661 shares of the company’s stock, valued at $734,620.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Nick Daddario sold 684 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was 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 $2,783,599.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sigal Zarmi sold 400 shares of GoDaddy stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the transaction, the director now directly owns 4,661 shares in the company, valued at approximately $734,620.21. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,744 shares of company stock valued at $4,089,571. Corporate insiders own 0.61% of the company’s stock.

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.