Robeco Institutional Asset Management B.V. Has $56 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Robeco Institutional Asset Management B.V. raised its holdings in GoDaddy Inc. (NYSE:GDDY) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 357,175 shares of the technology company’s stock after purchasing an additional 46,133 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in GoDaddy were worth $55,998,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GDDY. Transcendent Capital Group LLC bought a new stake in GoDaddy during the 2nd quarter worth about $28,000. ORG Wealth Partners LLC bought a new stake in shares of GoDaddy during the third quarter valued at approximately $30,000. ORG Partners LLC acquired a new stake in shares of GoDaddy in the second quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new position in GoDaddy in the 2nd quarter worth approximately $36,000. Finally, New Covenant Trust Company N.A. acquired a new position in GoDaddy during the 1st quarter worth $45,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Up 1.3 %

NYSE GDDY opened at $165.51 on Tuesday. GoDaddy Inc. has a one year low of $84.78 and a one year high of $171.93. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.48. The firm has a market cap of $23.33 billion, a P/E ratio of 12.79 and a beta of 1.11. The stock’s 50-day moving average is $159.21 and its 200-day moving average is $147.76.

GoDaddy (NYSE:GDDY) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Sell-side analysts anticipate that GoDaddy Inc. will post 5.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on GDDY. Royal Bank of Canada lifted their target price on GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday. Piper Sandler boosted their price objective on GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. B. Riley raised their target price on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Raymond James boosted their price target on shares of GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.38.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total transaction of $906,125.00. Following the completion of the transaction, the chief financial officer now owns 101,286 shares in the company, valued at approximately $16,686,868.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other GoDaddy news, CAO Nick Daddario sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.61, for a total value of $451,191.36. Following the sale, the chief accounting officer now owns 14,728 shares in the company, valued at approximately $2,232,912.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $164.75, for a total value of $906,125.00. Following the transaction, the chief financial officer now directly owns 101,286 shares of the company’s stock, valued at approximately $16,686,868.50. This trade represents a 0.00 % decrease in their position. 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. 0.61% of the stock is owned by corporate insiders.

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.