BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Position in GoDaddy Inc. $GDDY

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 20.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,197 shares of the technology company’s stock after acquiring an additional 16,700 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.07% of GoDaddy worth $13,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sivia Capital Partners LLC boosted its holdings in shares of GoDaddy by 90.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock valued at $589,000 after purchasing an additional 1,552 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of GoDaddy by 6.1% in the second quarter. Nordea Investment Management AB now owns 12,730 shares of the technology company’s stock worth $2,286,000 after buying an additional 735 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in GoDaddy by 11.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 39,722 shares of the technology company’s stock valued at $7,087,000 after buying an additional 4,068 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in GoDaddy by 7.0% during the second quarter. Cookson Peirce & Co. Inc. now owns 5,868 shares of the technology company’s stock valued at $1,057,000 after buying an additional 384 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in GoDaddy during the 2nd quarter valued at approximately $1,898,000. 90.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GDDY has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on GoDaddy from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Monday, January 5th. Evercore decreased their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, October 31st. Citigroup lowered their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GoDaddy in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $166.21.

Insider Transactions at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $424,376.98. Following the transaction, the chief financial officer directly owned 66,816 shares in the company, valued at $8,548,439.04. This represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Phontip Palitwanon sold 2,397 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total transaction of $307,870.68. Following the transaction, the chief accounting officer directly owned 17,055 shares in the company, valued at approximately $2,190,544.20. This trade represents a 12.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 13,615 shares of company stock worth $1,743,102. Insiders own 0.70% of the company’s stock.

GoDaddy Trading Down 2.1%

Shares of NYSE GDDY opened at $88.65 on Friday. GoDaddy Inc. has a fifty-two week low of $87.13 and a fifty-two week high of $193.55. 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 company has a market cap of $11.98 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.82 and a beta of 0.94. The business’s 50 day moving average price is $109.44 and its 200-day moving average price is $127.42.

GoDaddy 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.