Natixis Advisors LLC Has $21.65 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Natixis Advisors LLC increased its holdings in GoDaddy Inc. (NYSE:GDDY) by 260.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,682 shares of the technology company’s stock after acquiring an additional 79,273 shares during the period. Natixis Advisors LLC owned about 0.08% of GoDaddy worth $21,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Postrock Partners LLC acquired a new stake in shares of GoDaddy in the 4th quarter worth about $283,000. Renasant Bank acquired a new stake in shares of GoDaddy in the 4th quarter worth about $221,000. LBP AM SA raised its holdings in shares of GoDaddy by 395.0% in the 4th quarter. LBP AM SA now owns 47,598 shares of the technology company’s stock worth $9,394,000 after acquiring an additional 37,983 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of GoDaddy by 26.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,523 shares of the technology company’s stock worth $1,485,000 after acquiring an additional 1,595 shares during the last quarter. Finally, HBK Sorce Advisory LLC purchased a new stake in GoDaddy in the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Up 2.2 %

GDDY opened at $179.97 on Tuesday. The company has a 50 day moving average of $192.60 and a 200 day moving average of $182.83. The company has a market cap of $25.44 billion, a PE ratio of 27.90 and a beta of 1.25. GoDaddy Inc. has a 12 month low of $117.33 and a 12 month high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Benchmark increased their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays increased their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird increased their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company assumed coverage on shares of GoDaddy in a research note on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average price target of $213.20.

Insider Buying and Selling

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $541,980.00. Following the completion of the transaction, the chief executive officer now directly owns 505,649 shares of the company’s stock, valued at $91,350,548.34. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the completion of the transaction, the director now directly owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,480 shares of company stock valued at $3,641,819. Company 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.