GoDaddy Inc. (NYSE:GDDY) Stock Holdings Raised by Oak Harvest Investment Services

Oak Harvest Investment Services lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 72.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,290 shares of the technology company’s stock after purchasing an additional 6,020 shares during the period. Oak Harvest Investment Services’ holdings in GoDaddy were worth $2,240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in GoDaddy by 94.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company’s stock worth $433,895,000 after acquiring an additional 1,775,708 shares during the period. Kodai Capital Management LP acquired a new stake in shares of GoDaddy in the 1st quarter worth approximately $75,855,000. Federated Hermes Inc. increased its stake in shares of GoDaddy by 35.6% during the second quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company’s stock valued at $209,743,000 after acquiring an additional 394,399 shares during the period. Wedge Capital Management L L P NC raised its holdings in GoDaddy by 2,279.5% during the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company’s stock worth $62,908,000 after purchasing an additional 384,386 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of GoDaddy by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company’s stock valued at $1,748,603,000 after buying an additional 379,228 shares during the period. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Up 0.2 %

GoDaddy stock opened at $161.66 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. GoDaddy Inc. has a 1-year low of $72.14 and a 1-year high of $167.65. The firm’s fifty day simple moving average is $159.08 and its 200-day simple moving average is $146.68. The company has a market capitalization of $23.07 billion, a P/E ratio of 13.43 and a beta of 1.12.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The company 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%. GoDaddy’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. Sell-side analysts forecast that GoDaddy Inc. will post 5.07 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In other news, CAO Nick Daddario sold 684 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total value of $107,545.32. Following the transaction, the chief accounting officer now owns 17,704 shares of the company’s stock, valued at $2,783,599.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $164.75, for a total value of $906,125.00. Following the sale, the chief financial officer now owns 101,286 shares of the company’s stock, valued at $16,686,868.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Nick Daddario sold 684 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total value of $107,545.32. Following the sale, the chief accounting officer now directly owns 17,704 shares in the company, valued at $2,783,599.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,744 shares of company stock valued at $4,089,571. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

GDDY has been the topic of several recent research reports. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler reaffirmed a “neutral” rating and set a $172.00 target price (up from $160.00) on shares of GoDaddy in a report on Monday, September 23rd. Benchmark reissued a “buy” rating and issued a $186.00 price target on shares of GoDaddy in a research note on Tuesday, October 15th. B. Riley raised their target price on shares of GoDaddy from $143.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average target price of $166.54.

GoDaddy 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.