Mediolanum International Funds Ltd Buys New Shares in GoDaddy Inc. (NYSE:GDDY)

Mediolanum International Funds Ltd bought a new stake in shares of GoDaddy Inc. (NYSE:GDDYFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 88,649 shares of the technology company’s stock, valued at approximately $10,822,000. Mediolanum International Funds Ltd owned approximately 0.06% of GoDaddy as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of GoDaddy during the 4th quarter valued at about $28,000. GAMMA Investing LLC raised its position in shares of GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 133 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of GoDaddy during the 4th quarter valued at about $33,000. Massmutual Trust Co. FSB ADV raised its position in shares of GoDaddy by 140.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock valued at $37,000 after buying an additional 205 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in GoDaddy during the 1st quarter valued at about $48,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of NYSE GDDY traded down $1.92 during midday trading on Wednesday, reaching $142.46. The company had a trading volume of 1,324,817 shares, compared to its average volume of 1,679,467. The business’s 50-day simple moving average is $137.50 and its 200 day simple moving average is $122.18. The stock has a market cap of $20.33 billion, a P/E ratio of 11.83 and a beta of 1.14. GoDaddy Inc. has a 1 year low of $69.18 and a 1 year high of $145.36. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 9.15.

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

Analyst Upgrades and Downgrades

GDDY has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and set a $150.00 price target on shares of GoDaddy in a report on Wednesday, May 1st. Morgan Stanley upped their price target on shares of GoDaddy from $132.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. UBS Group upped their target price on shares of GoDaddy from $118.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Raymond James started coverage on shares of GoDaddy in a research note on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 target price on the stock. Finally, Royal Bank of Canada upped their target price on shares of GoDaddy from $124.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.92.

Get Our Latest Research Report on GDDY

Insider Transactions at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 7,600 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $138.92, for a total value of $1,055,792.00. Following the sale, the chief executive officer now owns 369,898 shares in the company, valued at $51,386,230.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Nick Daddario sold 7,278 shares of GoDaddy stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $138.92, for a total value of $1,011,059.76. Following the sale, the chief accounting officer now owns 18,388 shares in the company, valued at $2,554,460.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 7,600 shares of GoDaddy stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $138.92, for a total transaction of $1,055,792.00. Following the completion of the sale, the chief executive officer now owns 369,898 shares in the company, valued at approximately $51,386,230.16. The disclosure for this sale can be found here. Insiders have sold 50,071 shares of company stock worth $6,875,606 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

GoDaddy Company Profile

(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.

See Also

Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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