GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 48.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,483 shares of the technology company’s stock after buying an additional 2,114 shares during the quarter. Metis Global Partners LLC’s holdings in GoDaddy were worth $1,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy during the third quarter worth about $27,000. Transcendent Capital Group LLC acquired a new position in GoDaddy during the 2nd quarter worth approximately $28,000. ORG Wealth Partners LLC purchased a new stake in shares of GoDaddy in the 3rd quarter valued at approximately $30,000. ORG Partners LLC acquired a new stake in shares of GoDaddy in the 2nd quarter valued at $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of GoDaddy during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy 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 sale, the chief financial officer now owns 101,286 shares of the company’s stock, valued at approximately $16,686,868.50. The trade was a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the transaction, the chief operating officer now directly owns 187,632 shares of the company’s stock, valued at approximately $28,551,961.44. This trade represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,844 shares of company stock worth $4,619,397 over the last 90 days. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays increased their target price on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Piper Sandler increased their price objective on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. B. Riley upped their price target on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada raised their price objective on shares of GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $182.92 on Monday. GoDaddy Inc. has a one year low of $91.68 and a one year high of $190.21. The stock has a market capitalization of $25.68 billion, a price-to-earnings ratio of 14.14 and a beta of 1.11. The company has a 50-day simple moving average of $162.76 and a 200-day simple moving average of $151.21. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $0.89 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that GoDaddy Inc. will post 4.95 EPS for the current year.

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.