Robeco Institutional Asset Management B.V. Has $7.27 Million Stock Position in GoDaddy Inc. $GDDY

by · The Cerbat Gem

Robeco Institutional Asset Management B.V. lowered its stake in GoDaddy Inc. (NYSE:GDDY – Free Report) by 43.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,149 shares of the technology company’s stock after selling 40,879 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in GoDaddy were worth $7,272,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Railway Pension Investments Ltd increased its holdings in GoDaddy by 112.0% in the 3rd quarter. Railway Pension Investments Ltd now owns 44,100 shares of the technology company’s stock valued at $6,034,000 after buying an additional 23,300 shares during the period. Stanley Laman Group Ltd. acquired a new stake in shares of GoDaddy during the 3rd quarter worth approximately $3,710,000. Hedeker Wealth LLC raised its position in GoDaddy by 3.1% during the third quarter. Hedeker Wealth LLC now owns 57,206 shares of the technology company’s stock valued at $7,827,000 after purchasing an additional 1,729 shares in the last quarter. Generali Asset Management SPA SGR raised its position in GoDaddy by 82.9% during the third quarter. Generali Asset Management SPA SGR now owns 12,826 shares of the technology company’s stock valued at $1,755,000 after purchasing an additional 5,813 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in GoDaddy during the third quarter worth $61,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

NYSE:GDDY opened at $113.58 on Friday. The stock has a market cap of $15.35 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 41.06. The stock’s 50-day moving average is $126.57 and its 200-day moving average is $141.89. GoDaddy Inc. has a 1-year low of $113.22 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. GoDaddy had a net margin of 17.01% and a return on equity of 231.34%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business earned $1.32 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of research analyst reports. UBS Group lowered their price target on GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, October 31st. B. Riley lowered their target price on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a report on Friday, October 31st. Evercore ISI decreased their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, October 31st. Finally, Jefferies Financial Group lowered their price objective on shares of GoDaddy from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Monday. One 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.21.

Read Our Latest Research Report on GDDY

Insider Buying and Selling at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $133.11, for a total value of $66,555.00. Following the transaction, the director owned 19,957 shares in the company, valued at approximately $2,656,476.27. The trade was a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Phontip Palitwanon sold 2,397 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the completion of the sale, the chief accounting officer directly owned 17,055 shares in the company, valued at approximately $2,190,544.20. This represents a 12.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,115 shares of company stock worth $1,809,657 over the last ninety days. Insiders own 0.70% of the company’s stock.

About GoDaddy

(Free Report)

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.

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