Eurizon Capital SGR S.p.A. Buys Shares of 74,949 GoDaddy Inc. $GDDY

Eurizon Capital SGR S.p.A. bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, Holdings Channel reports. The firm bought 74,949 shares of the technology company’s stock, valued at approximately $9,303,000.

A number of other institutional investors also recently modified their holdings of GDDY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GoDaddy during the 4th quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of GoDaddy during the 4th quarter valued at $25,000. Activest Wealth Management boosted its stake in shares of GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after buying an additional 198 shares during the period. Harbour Investments Inc. boosted its stake in shares of GoDaddy by 191.0% during the 4th quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock valued at $32,000 after buying an additional 170 shares during the period. Finally, Entrust Financial LLC bought a new position in shares of GoDaddy during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

GDDY has been the topic of a number of recent research reports. Piper Sandler initiated coverage on shares of GoDaddy in a report on Thursday, March 12th. They set a “neutral” rating and a $93.00 price target on the stock. Citigroup cut their price target on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wells Fargo & Company raised their price target on shares of GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Evercore set a $95.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. Finally, Benchmark cut their price target on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $120.57.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 17,406 shares of GoDaddy stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total value of $1,548,959.94. Following the transaction, the chief financial officer owned 113,003 shares in the company, valued at $10,056,136.97. This trade represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of GoDaddy stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total transaction of $3,038,830.52. Following the completion of the transaction, the chief executive officer owned 530,120 shares in the company, valued at $47,175,378.80. This trade represents a 6.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,296 shares of company stock worth $5,446,506 in the last quarter. 0.93% of the stock is currently owned by company insiders.

GoDaddy Stock Up 0.2%

GoDaddy stock opened at $85.97 on Monday. The company has a market capitalization of $11.38 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.77 and a beta of 0.90. The firm’s fifty day simple moving average is $85.28 and its 200-day simple moving average is $100.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 15.86. GoDaddy Inc. has a 1-year low of $73.06 and a 1-year high of $183.34.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.53 by $0.07. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 EPS. Sell-side analysts forecast that GoDaddy Inc. will post 7.17 earnings per share for the current fiscal year.

GoDaddy Company 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.