GoDaddy Inc. (NYSE:GDDY) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 16,719.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,898 shares of the technology company’s stock after purchasing an additional 43,637 shares during the period. International Assets Investment Management LLC’s holdings in GoDaddy were worth $68,820,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in shares of GoDaddy in the third quarter valued at $30,000. Transcendent Capital Group LLC acquired a new stake in shares of GoDaddy during the second quarter worth $28,000. ORG Partners LLC purchased a new stake in shares of GoDaddy during the second quarter valued at $32,000. Carolina Wealth Advisors LLC acquired a new position in shares of GoDaddy in the 3rd quarter valued at $49,000. Finally, New Covenant Trust Company N.A. purchased a new position in GoDaddy in the 1st quarter worth about $45,000. 90.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on GDDY. Robert W. Baird upped their price objective on shares of GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Piper Sandler reiterated a “neutral” rating and set a $172.00 price objective (up from $160.00) on shares of GoDaddy in a research report on Monday, September 23rd. Barclays increased their target price on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Raymond James lifted their price target on GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and a consensus target price of $166.54.

GoDaddy Stock Performance

Shares of GDDY stock opened at $160.53 on Friday. GoDaddy Inc. has a fifty-two week low of $71.15 and a fifty-two week high of $167.65. The stock’s 50-day moving average is $159.26 and its two-hundred day moving average is $145.92. The company has a debt-to-equity ratio of 24.13, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $22.63 billion, a P/E ratio of 12.83 and a beta of 1.12.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. Analysts predict that GoDaddy Inc. will post 5.07 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $164.16, for a total value of $164,160.00. Following the completion of the sale, the chief operating officer now directly owns 186,632 shares in the company, valued at approximately $30,637,509.12. 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 accessible through this link. In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total transaction of $906,125.00. Following the transaction, the chief financial officer now owns 101,286 shares in the company, valued at $16,686,868.50. This trade 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 at the SEC website. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $164.16, for a total transaction of $164,160.00. Following the sale, the chief operating officer now owns 186,632 shares of the company’s stock, valued at $30,637,509.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,744 shares of company stock worth $5,114,931. 0.61% of the stock is owned by corporate insiders.

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.