AGF Management Ltd. Has $1.08 Million Position in GoDaddy Inc. (NYSE:GDDY)

AGF Management Ltd. cut its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,455 shares of the technology company’s stock after selling 1,955 shares during the quarter. AGF Management Ltd.’s holdings in GoDaddy were worth $1,077,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GDDY. WCM Investment Management LLC boosted its position in GoDaddy by 7,083.4% in the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock valued at $678,941,000 after buying an additional 3,356,678 shares in the last quarter. Congress Asset Management Co. acquired a new position in shares of GoDaddy in the 4th quarter worth approximately $111,923,000. Amundi grew its position in GoDaddy by 84.4% during the 4th quarter. Amundi now owns 931,874 shares of the technology company’s stock worth $183,710,000 after acquiring an additional 426,501 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in GoDaddy by 3,227.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock valued at $56,709,000 after purchasing an additional 350,839 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its position in GoDaddy by 3,836.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 358,465 shares of the technology company’s stock valued at $70,750,000 after purchasing an additional 349,358 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Up 2.1 %

GoDaddy stock opened at $176.06 on Friday. GoDaddy Inc. has a fifty-two week low of $115.19 and a fifty-two week high of $216.00. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of 27.30 and a beta of 1.25. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The company’s 50 day simple moving average is $192.98 and its 200 day simple moving average is $182.47.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays raised their target price on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Robert W. Baird raised their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley upped their price objective on GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Benchmark lifted their target price on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

Insider Buying and Selling

In other GoDaddy news, CFO Mark Mccaffrey sold 480 shares of GoDaddy stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $201.29, for a total value of $96,619.20. Following the sale, the chief financial officer now owns 83,254 shares of the company’s stock, valued at $16,758,197.66. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $180.66, for a total value of $541,980.00. Following the transaction, the chief executive officer now directly owns 505,649 shares of the company’s stock, valued at $91,350,548.34. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,480 shares of company stock worth $3,849,169 over the last ninety days. Company insiders own 0.61% of the company’s stock.

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.