GoDaddy Inc. (NYSE:GDDY) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 470,133 shares of the technology company’s stock after purchasing an additional 15,348 shares during the period. Epoch Investment Partners Inc.’s holdings in GoDaddy were worth $92,790,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Quent Capital LLC lifted its position in shares of GoDaddy by 4.4% during the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock valued at $248,000 after acquiring an additional 53 shares during the period. Advisors Capital Management LLC boosted its position in GoDaddy by 0.9% during the fourth quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company’s stock worth $1,223,000 after purchasing an additional 55 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after purchasing an additional 64 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of GoDaddy by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock valued at $3,708,000 after buying an additional 71 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of GoDaddy by 1.1% in the 4th quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company’s stock worth $1,294,000 after buying an additional 74 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Down 0.4 %

Shares of NYSE:GDDY opened at $171.55 on Friday. GoDaddy Inc. has a 1 year low of $119.76 and a 1 year high of $216.00. The stock has a 50-day simple moving average of $177.13 and a 200-day simple moving average of $185.71. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The stock has a market capitalization of $24.25 billion, a P/E ratio of 26.60 and a beta of 1.19.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Equities analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GDDY shares. Morgan Stanley cut their target price on shares of GoDaddy from $228.00 to $206.00 and set an “equal weight” rating for the company in a research report on Wednesday. Barclays boosted their price target on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company assumed coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective for the company. Citigroup raised their price target on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Jefferies Financial Group lowered their target price on shares of GoDaddy from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 7th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.73.

Insider Activity at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the transaction, the director now directly owns 22,621 shares of the company’s stock, valued at approximately $4,698,381.70. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $623,100.00. Following the sale, the chief executive officer now directly owns 330,153 shares of the company’s stock, valued at approximately $68,572,778.10. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,000 shares of company stock worth $3,518,150. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Company 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.