International Assets Investment Management LLC Purchases Shares of 18,578 GoDaddy Inc. (NYSE:GDDY)

International Assets Investment Management LLC purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, Holdings Channel reports. The firm purchased 18,578 shares of the technology company’s stock, valued at approximately $1,972,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDDY. Parkside Financial Bank & Trust boosted its holdings in GoDaddy by 7.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,940 shares of the technology company’s stock worth $144,000 after acquiring an additional 137 shares during the last quarter. Whittier Trust Co. boosted its holdings in GoDaddy by 9.1% during the 3rd quarter. Whittier Trust Co. now owns 1,683 shares of the technology company’s stock worth $125,000 after acquiring an additional 141 shares during the last quarter. Quent Capital LLC boosted its holdings in GoDaddy by 30.8% during the 4th quarter. Quent Capital LLC now owns 637 shares of the technology company’s stock worth $68,000 after acquiring an additional 150 shares during the last quarter. Fifth Third Bancorp boosted its holdings in GoDaddy by 27.4% during the 4th quarter. Fifth Third Bancorp now owns 730 shares of the technology company’s stock worth $77,000 after acquiring an additional 157 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in GoDaddy by 0.4% during the 3rd quarter. Arizona State Retirement System now owns 39,966 shares of the technology company’s stock worth $2,977,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Down 1.0 %

Shares of GoDaddy stock opened at $120.12 on Friday. GoDaddy Inc. has a 52-week low of $67.43 and a 52-week high of $127.15. The stock’s 50-day simple moving average is $117.43 and its 200 day simple moving average is $102.73. The stock has a market capitalization of $17.11 billion, a P/E ratio of 12.54 and a beta of 1.12. The company has a debt-to-equity ratio of 61.07, a quick ratio of 0.47 and a current ratio of 0.47.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. GoDaddy had a negative return on equity of 89.25% and a net margin of 32.74%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. As a group, research analysts anticipate that GoDaddy Inc. will post 4.76 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GDDY shares. JPMorgan Chase & Co. lifted their price objective on shares of GoDaddy from $128.00 to $136.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Piper Sandler boosted their price target on shares of GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Benchmark reissued a “buy” rating and issued a $150.00 price target on shares of GoDaddy in a report on Thursday, March 7th. Robert W. Baird boosted their price target on shares of GoDaddy from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $124.00 price target on shares of GoDaddy in a report on Thursday, March 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.18.

Insider Activity

In other news, CEO Amanpal Singh Bhutani sold 8,687 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $991,273.57. Following the sale, the chief executive officer now directly owns 454,031 shares in the company, valued at $51,809,477.41. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Amanpal Singh Bhutani sold 8,687 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $991,273.57. Following the sale, the chief executive officer now directly owns 454,031 shares in the company, valued at $51,809,477.41. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Mccaffrey sold 624 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $120.83, for a total value of $75,397.92. Following the sale, the chief financial officer now owns 116,328 shares in the company, valued at $14,055,912.24. The disclosure for this sale can be found here. Insiders have sold a total of 121,234 shares of company stock worth $13,534,946 over the last ninety days. Company insiders own 0.54% 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.