Franklin Resources Inc. Has $2.51 Million Position in GoDaddy Inc. (NYSE:GDDY)

Franklin Resources Inc. increased its position in shares of GoDaddy Inc. (NYSE:GDDYFree Report) by 58.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,605 shares of the technology company’s stock after purchasing an additional 8,675 shares during the period. Franklin Resources Inc.’s holdings in GoDaddy were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in GoDaddy by 9.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,360,266 shares of the technology company’s stock worth $473,713,000 after purchasing an additional 561,614 shares during the last quarter. Norges Bank acquired a new stake in GoDaddy during the 4th quarter worth approximately $181,687,000. Jacobs Levy Equity Management Inc. lifted its holdings in GoDaddy by 71.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,664,382 shares of the technology company’s stock worth $123,963,000 after purchasing an additional 695,897 shares during the last quarter. Northern Trust Corp lifted its holdings in GoDaddy by 36.8% during the 3rd quarter. Northern Trust Corp now owns 1,395,619 shares of the technology company’s stock worth $103,946,000 after purchasing an additional 375,568 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in GoDaddy by 3,402.0% during the 4th quarter. Federated Hermes Inc. now owns 955,559 shares of the technology company’s stock worth $101,442,000 after purchasing an additional 928,273 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GDDY shares. Royal Bank of Canada lifted their price objective on GoDaddy from $124.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Robert W. Baird lifted their price objective on GoDaddy from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, May 24th. William Blair reaffirmed an “outperform” rating on shares of GoDaddy in a report on Friday, May 3rd. Piper Sandler lifted their price objective on GoDaddy from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. lifted their price objective on GoDaddy from $136.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.92.

View Our Latest Research Report on GoDaddy

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 624 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the sale, the chief financial officer now owns 116,328 shares in the company, valued at approximately $14,055,912.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other GoDaddy news, CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the transaction, the chief financial officer now directly owns 116,328 shares of the company’s stock, valued at approximately $14,055,912.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $118.56, for a total value of $474,240.00. Following the transaction, the chief operating officer now directly owns 204,632 shares in the company, valued at $24,261,169.92. The disclosure for this sale can be found here. Insiders have sold 29,782 shares of company stock worth $3,611,502 in the last 90 days. Insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 1.0 %

Shares of GDDY stock opened at $139.63 on Monday. The firm has a market capitalization of $19.92 billion, a P/E ratio of 11.60 and a beta of 1.09. GoDaddy Inc. has a twelve month low of $69.18 and a twelve month high of $141.27. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. The stock’s fifty day simple moving average is $128.22 and its 200 day simple moving average is $114.75.

GoDaddy (NYSE:GDDYGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. As a group, sell-side analysts predict that GoDaddy Inc. will post 4.82 EPS for the current fiscal year.

About GoDaddy

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoDaddy Inc. (NYSE:GDDYFree Report).

Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.