Amundi Has $202.77 Million Stock Position in GoDaddy Inc. $GDDY

Amundi boosted its position in GoDaddy Inc. (NYSE:GDDY) by 28.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,155,826 shares of the technology company’s stock after acquiring an additional 255,695 shares during the quarter. Amundi’s holdings in GoDaddy were worth $202,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional lifted its position in GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after acquiring an additional 67 shares during the last quarter. MAI Capital Management grew its position in shares of GoDaddy by 8.7% in the first quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock valued at $185,000 after purchasing an additional 82 shares during the last quarter. UMB Bank n.a. increased its stake in shares of GoDaddy by 13.1% in the second quarter. UMB Bank n.a. now owns 795 shares of the technology company’s stock worth $143,000 after purchasing an additional 92 shares during the period. Penserra Capital Management LLC lifted its position in shares of GoDaddy by 14.0% during the 2nd quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock worth $134,000 after purchasing an additional 92 shares during the last quarter. Finally, NewSquare Capital LLC lifted its position in shares of GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

NYSE:GDDY opened at $128.43 on Friday. 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 50-day moving average of $130.85 and a 200-day moving average of $151.37. GoDaddy Inc. has a 52 week low of $121.94 and a 52 week high of $216.00. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.43 and a beta of 0.95.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 231.34%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 earnings per share. As a group, equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amanpal Singh Bhutani sold 6,932 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $886,880.08. Following the completion of the transaction, the chief executive officer owned 399,133 shares in the company, valued at $51,065,076.02. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Mccaffrey sold 3,317 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $424,376.98. Following the completion of the sale, the chief financial officer directly owned 66,816 shares in the company, valued at approximately $8,548,439.04. This represents a 4.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,218 shares of company stock worth $2,615,781 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GDDY shares. Evercore ISI lowered their target price on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, October 31st. Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of GoDaddy in a research note on Friday, October 31st. B. Riley dropped their target price on shares of GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. One equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.14.

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.