Gulf International Bank UK Ltd Sells 92 Shares of GoDaddy Inc. (NYSE:GDDY)

Gulf International Bank UK Ltd trimmed its position in GoDaddy Inc. (NYSE:GDDY) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 9,644 shares of the technology company’s stock after selling 92 shares during the quarter. Gulf International Bank UK Ltd’s holdings in GoDaddy were worth $1,903,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Quent Capital LLC boosted its holdings in GoDaddy by 4.4% in the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock valued at $248,000 after purchasing an additional 53 shares during the period. Lake Street Advisors Group LLC boosted its holdings in GoDaddy by 4.7% in the 4th 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 period. New York Life Investment Management LLC boosted its holdings in GoDaddy by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock valued at $3,708,000 after purchasing an additional 71 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in GoDaddy by 4.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock valued at $296,000 after purchasing an additional 73 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in GoDaddy by 13.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company’s stock valued at $146,000 after purchasing an additional 88 shares during the period. 90.28% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Mark Mccaffrey sold 2,678 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $526,601.92. Following the completion of the transaction, the chief financial officer now directly owns 89,800 shares of the company’s stock, valued at $17,658,272. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Phontip Palitwanon sold 770 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the transaction, the chief accounting officer now directly owns 23,059 shares of the company’s stock, valued at approximately $4,534,321.76. The trade was a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,482 shares of company stock valued at $4,903,930. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GDDY. Barclays lifted their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Citigroup lifted their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Morgan Stanley lifted their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Raymond James lifted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company began coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective for the company. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $179.77 on Friday. The company has a market cap of $25.24 billion, a price-to-earnings ratio of 27.87 and a beta of 1.15. The company has a 50-day moving average price of $199.02 and a 200-day moving average price of $181.51. 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 Inc. has a 12 month low of $108.38 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY) last issued 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 firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

GoDaddy 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.