GoDaddy Inc. (NYSE:GDDY) Holdings Decreased by AGF Management Ltd.

AGF Management Ltd. reduced its holdings in GoDaddy Inc. (NYSE:GDDY) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,455 shares of the technology company’s stock after selling 1,955 shares during the period. AGF Management Ltd.’s holdings in GoDaddy were worth $1,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy during the 3rd quarter valued at $27,000. Apollon Wealth Management LLC boosted its position in GoDaddy by 20.2% during the third quarter. Apollon Wealth Management LLC now owns 2,653 shares of the technology company’s stock valued at $416,000 after purchasing an additional 446 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in GoDaddy by 4.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 373,257 shares of the technology company’s stock valued at $58,519,000 after purchasing an additional 17,573 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in GoDaddy by 4.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after purchasing an additional 73 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of GoDaddy by 33.7% during the 3rd quarter. Victory Capital Management Inc. now owns 209,158 shares of the technology company’s stock worth $32,792,000 after purchasing an additional 52,686 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the sale, the chief financial officer now owns 84,300 shares in the company, valued at $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the transaction, the chief operating officer now owns 184,632 shares of the company’s stock, valued at approximately $38,283,445.20. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,480 shares of company stock worth $3,849,169. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Raymond James boosted their price target on GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Robert W. Baird increased their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Morgan Stanley increased their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Barclays boosted their price target on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Trading Up 2.1 %

Shares of GDDY stock opened at $176.06 on Friday. The firm has a market capitalization of $24.89 billion, a P/E ratio of 27.30 and a beta of 1.25. GoDaddy Inc. has a 1 year low of $115.19 and a 1 year high of $216.00. The firm’s fifty day simple moving average is $192.98 and its 200 day simple moving average is $182.47. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 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.