Generali Asset Management SPA SGR Grows Position in GoDaddy Inc. $GDDY

Generali Asset Management SPA SGR boosted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 82.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,826 shares of the technology company’s stock after acquiring an additional 5,813 shares during the quarter. Generali Asset Management SPA SGR’s holdings in GoDaddy were worth $1,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new position in shares of GoDaddy during the second quarter worth approximately $26,000. NewSquare Capital LLC raised its position in GoDaddy by 170.9% in the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Banque Transatlantique SA acquired a new stake in GoDaddy during the 1st quarter worth $36,000. Steph & Co. purchased a new position in GoDaddy during the 2nd quarter worth $55,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in GoDaddy by 252.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 345 shares of the technology company’s stock valued at $62,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $133.11, for a total value of $66,555.00. Following the completion of the sale, the director owned 19,957 shares of the company’s stock, valued at approximately $2,656,476.27. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 2,397 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total transaction of $307,870.68. Following the sale, the chief accounting officer owned 17,055 shares in the company, valued at $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 14,115 shares of company stock worth $1,809,657. 0.70% of the stock is owned by insiders.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $118.64 on Monday. GoDaddy Inc. has a 52 week low of $118.48 and a 52 week high of $216.00. The company has a 50-day moving average price of $127.85 and a 200 day moving average price of $143.49. The company has a market cap of $16.03 billion, a P/E ratio of 20.49, a PEG ratio of 1.08 and a beta of 0.95. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 41.06.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GDDY shares. Evercore ISI decreased their target price on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research note on Friday, October 31st. UBS Group dropped their price target on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. B. Riley decreased their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Morgan Stanley set a $159.00 target price on GoDaddy in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.14.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.