Keybank National Association OH Has $2.16 Million Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Keybank National Association OH raised its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 43.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,964 shares of the technology company’s stock after buying an additional 3,329 shares during the period. Keybank National Association OH’s holdings in GoDaddy were worth $2,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GDDY. Private Advisor Group LLC purchased a new position in GoDaddy in the third quarter valued at about $343,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of GoDaddy by 31.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,944 shares of the technology company’s stock valued at $775,000 after buying an additional 1,187 shares during the last quarter. National Pension Service lifted its holdings in shares of GoDaddy by 7.4% during the 3rd quarter. National Pension Service now owns 288,337 shares of the technology company’s stock valued at $45,205,000 after buying an additional 19,918 shares during the last quarter. Amalgamated Bank increased its holdings in GoDaddy by 0.5% in the third quarter. Amalgamated Bank now owns 30,595 shares of the technology company’s stock worth $4,797,000 after buying an additional 163 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its position in GoDaddy by 4.9% during the third quarter. Hanseatic Management Services Inc. now owns 4,793 shares of the technology company’s stock valued at $751,000 after acquiring an additional 224 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $90,330.00. Following the completion of the transaction, the director now owns 22,121 shares in the company, valued at approximately $3,996,379.86. This represents a 2.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $541,980.00. Following the sale, the chief executive officer now owns 505,649 shares in the company, valued at approximately $91,350,548.34. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,034 shares of company stock valued at $4,166,030 over the last ninety days. 0.61% of the stock is owned by company insiders.

GoDaddy Stock Performance

NYSE:GDDY opened at $172.17 on Friday. The firm’s 50-day moving average is $196.06 and its 200-day moving average is $182.04. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 26.69 and a beta of 1.15. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a 52-week low of $110.59 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results 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 net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. Equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on GDDY. Barclays boosted their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group increased their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Robert W. Baird raised their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Piper Sandler upped their price target on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.20.

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.