Lbp Am Sa Sells 5,047 Shares of GoDaddy Inc. $GDDY

Lbp Am Sa reduced its position in shares of GoDaddy Inc. (NYSE:GDDY) by 8.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,672 shares of the technology company’s stock after selling 5,047 shares during the quarter. Lbp Am Sa’s holdings in GoDaddy were worth $7,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GDDY. Vanguard Group Inc. boosted its position in shares of GoDaddy by 3.5% during the second quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock valued at $3,378,310,000 after buying an additional 627,923 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of GoDaddy by 2.2% in the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock worth $677,726,000 after buying an additional 81,623 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of GoDaddy by 5.7% during the 2nd quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock worth $660,979,000 after acquiring an additional 199,459 shares during the last quarter. JPMorgan Chase & Co. lifted its position in GoDaddy by 16.5% during the second quarter. JPMorgan Chase & Co. now owns 2,843,056 shares of the technology company’s stock valued at $511,921,000 after purchasing an additional 403,151 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in GoDaddy by 2.3% during the second quarter. Ameriprise Financial Inc. now owns 2,403,902 shares of the technology company’s stock valued at $432,847,000 after purchasing an additional 54,438 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Benchmark reissued a “buy” rating on shares of GoDaddy in a research note on Thursday, December 4th. Royal Bank Of Canada set a $70.00 price objective on shares of GoDaddy in a research note on Wednesday, January 7th. B. Riley lowered their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Evercore ISI lowered their target price on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.21.

GoDaddy Stock Performance

Shares of GDDY stock opened at $105.92 on Tuesday. GoDaddy Inc. has a 12-month low of $102.85 and a 12-month high of $216.00. The business’s fifty day simple moving average is $120.95 and its 200-day simple moving average is $135.90. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 41.06. The company has a market cap of $14.31 billion, a PE ratio of 18.29, a PEG ratio of 0.94 and a beta of 0.95.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. Analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In related news, CFO Mark Mccaffrey sold 3,317 shares of GoDaddy stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $424,376.98. Following the completion of the sale, the chief financial officer directly owned 66,816 shares in the company, valued at $8,548,439.04. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $133.11, for a total transaction of $66,555.00. Following the sale, the director directly owned 19,957 shares in the company, valued at approximately $2,656,476.27. This represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 14,115 shares of company stock valued at $1,809,657. Company insiders own 0.70% of the company’s stock.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.