Generali Asset Management SPA SGR Increases Stock Holdings in GoDaddy Inc. $GDDY

Generali Asset Management SPA SGR raised its position in GoDaddy Inc. (NYSE:GDDY) by 82.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,826 shares of the technology company’s stock after acquiring an additional 5,813 shares during the quarter. Generali Asset Management SPA SGR’s holdings in GoDaddy were worth $1,755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mather Group LLC. purchased a new position in shares of GoDaddy in the third quarter valued at approximately $61,000. Hennessy Advisors Inc. lifted its holdings in GoDaddy by 6.9% during the 3rd quarter. Hennessy Advisors Inc. now owns 14,116 shares of the technology company’s stock worth $1,931,000 after buying an additional 916 shares in the last quarter. Boston Trust Walden Corp purchased a new position in GoDaddy in the 3rd quarter valued at approximately $41,764,000. Hengehold Capital Management LLC grew its stake in shares of GoDaddy by 11.1% in the third quarter. Hengehold Capital Management LLC now owns 3,887 shares of the technology company’s stock worth $532,000 after acquiring an additional 389 shares in the last quarter. Finally, SWS Partners grew its stake in shares of GoDaddy by 40.9% in the third quarter. SWS Partners now owns 9,423 shares of the technology company’s stock worth $1,289,000 after acquiring an additional 2,735 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $133.11, for a total value of $66,555.00. Following the completion of the transaction, the director owned 19,957 shares in the company, valued at approximately $2,656,476.27. This represents a 2.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $886,880.08. Following the completion of the transaction, the chief executive officer directly owned 399,133 shares in the company, valued at $51,065,076.02. This trade represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,115 shares of company stock worth $1,809,657 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

GoDaddy Trading Down 4.4%

NYSE:GDDY opened at $118.64 on Monday. GoDaddy Inc. has a 1 year low of $118.48 and a 1 year high of $216.00. The stock has a market cap of $16.03 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.08 and a beta of 0.95. The company has a debt-to-equity ratio of 41.06, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50-day simple moving average of $127.85 and a 200-day simple moving average of $143.49.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 earnings per share. As a group, analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GDDY. UBS Group reduced their price objective on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Morgan Stanley set a $159.00 price target on GoDaddy in a report on Friday, October 31st. Citigroup decreased their price objective on GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.14.

GoDaddy Company 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.