9,236 GoDaddy Inc. $GDDY Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 7.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,096 shares of the technology company’s stock after acquiring an additional 9,236 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in GoDaddy were worth $12,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GDDY. WCM Investment Management LLC grew its holdings in shares of GoDaddy by 1.0% during the first quarter. WCM Investment Management LLC now owns 3,314,456 shares of the technology company’s stock valued at $270,924,000 after purchasing an additional 33,509 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of GoDaddy by 27.9% in the 1st quarter. Bank of America Corp DE now owns 1,383,615 shares of the technology company’s stock worth $114,383,000 after purchasing an additional 302,126 shares during the last quarter. Bank of New York Mellon Corp boosted its position in GoDaddy by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 754,994 shares of the technology company’s stock valued at $62,415,000 after purchasing an additional 19,940 shares during the period. Hsbc Holdings PLC boosted its position in GoDaddy by 4.2% during the 1st quarter. Hsbc Holdings PLC now owns 659,664 shares of the technology company’s stock valued at $54,520,000 after purchasing an additional 26,537 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in GoDaddy by 24.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,912 shares of the technology company’s stock valued at $53,382,000 after purchasing an additional 109,039 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sigal Zarmi sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total transaction of $34,104.00. Following the transaction, the director owned 8,283 shares in the company, valued at $807,095.52. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark McCaffrey sold 5,873 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $100.91, for a total value of $592,644.43. Following the transaction, the chief financial officer directly owned 99,855 shares of the company’s stock, valued at approximately $10,076,368.05. The trade was a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,358 shares of company stock worth $3,031,831 in the last 90 days. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GDDY. Deutsche Bank Aktiengesellschaft lowered GoDaddy to a “buy” rating in a research report on Friday, July 31st. William Blair lowered shares of GoDaddy from an “outperform” rating to a “market perform” rating in a research report on Friday, July 31st. Citigroup dropped their price objective on shares of GoDaddy from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Weiss Ratings upgraded shares of GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Benchmark reduced their target price on shares of GoDaddy from $185.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.00.

GoDaddy Price Performance

Shares of GDDY opened at $112.64 on Friday. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 16.71 and a beta of 0.94. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.63. GoDaddy Inc. has a one year low of $71.59 and a one year high of $137.93. The stock’s fifty day moving average is $100.20 and its 200-day moving average is $91.63.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. GoDaddy had a net margin of 17.83% and a return on equity of 660.96%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 earnings per share. Equities analysts anticipate that GoDaddy Inc. will post 7.24 EPS for the current year.

GoDaddy Profile

GoDaddy Inc (NYSE: GDDY) is a global technology company that provides online tools and services to entrepreneurs, small businesses and individuals. Its platform helps customers establish, manage and grow an online presence, with offerings that include domain-name registration, website hosting, website and online-store builders, professional email and digital marketing tools.

The company also provides services designed to support commerce and customer engagement, including e-commerce functionality, online appointment scheduling, payments and other business-management capabilities.