Fiera Capital Corp Purchases 13,206 Shares of GoDaddy Inc. (NYSE:GDDY)

Fiera Capital Corp grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 828,326 shares of the technology company’s stock after purchasing an additional 13,206 shares during the quarter. Fiera Capital Corp’s holdings in GoDaddy were worth $115,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC grew its stake in GoDaddy by 70.1% in the 4th quarter. Corient Private Wealth LLC now owns 5,190 shares of the technology company’s stock valued at $551,000 after buying an additional 2,138 shares in the last quarter. Franklin Resources Inc. lifted its holdings in GoDaddy by 58.1% during the 4th quarter. Franklin Resources Inc. now owns 23,605 shares of the technology company’s stock worth $2,506,000 after purchasing an additional 8,675 shares in the last quarter. Advisory Services Network LLC bought a new position in GoDaddy in the 4th quarter worth about $497,000. Hsbc Holdings PLC grew its holdings in GoDaddy by 47.7% during the 4th quarter. Hsbc Holdings PLC now owns 103,229 shares of the technology company’s stock valued at $10,980,000 after buying an additional 33,342 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of GoDaddy by 602.8% during the fourth quarter. TD Asset Management Inc now owns 195,824 shares of the technology company’s stock valued at $20,789,000 after buying an additional 167,962 shares during the period. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GDDY shares. Benchmark raised their price target on shares of GoDaddy from $170.00 to $186.00 and gave the company a “buy” rating in a report on Monday, August 26th. B. Riley boosted their target price on GoDaddy from $143.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $172.00 price target (up previously from $160.00) on shares of GoDaddy in a report on Monday, September 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday, September 23rd. Finally, Barclays boosted their price target on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $166.54.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $156.00 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. GoDaddy Inc. has a 12-month low of $71.15 and a 12-month high of $167.65. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 12.96 and a beta of 1.13. The firm has a 50 day moving average of $155.52 and a 200 day moving average of $140.43.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. On average, research analysts anticipate that GoDaddy Inc. will post 5.06 earnings per share for the current year.

Insider Transactions at GoDaddy

In related news, Director Sigal Zarmi sold 400 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $157.61, for a total transaction of $63,044.00. Following the sale, the director now owns 4,661 shares of the company’s stock, valued at $734,620.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Sigal Zarmi sold 400 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the sale, the director now directly owns 4,661 shares of the company’s stock, valued at approximately $734,620.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.48, for a total transaction of $439,440.00. Following the transaction, the chief executive officer now directly owns 362,398 shares of the company’s stock, valued at $53,084,059.04. The disclosure for this sale can be found here. Insiders have sold 23,244 shares of company stock valued at $3,628,171 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

About GoDaddy

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.