GoDaddy Inc. (NYSE:GDDY) Holdings Trimmed by Blair William & Co. IL

Blair William & Co. IL lowered its holdings in GoDaddy Inc. (NYSE:GDDY) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,059 shares of the technology company’s stock after selling 2,157 shares during the period. Blair William & Co. IL’s holdings in GoDaddy were worth $10,867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cerity Partners LLC raised its stake in GoDaddy by 18.9% during the 3rd quarter. Cerity Partners LLC now owns 17,672 shares of the technology company’s stock valued at $2,771,000 after purchasing an additional 2,803 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of GoDaddy during the 3rd quarter worth about $233,000. The Manufacturers Life Insurance Company raised its position in shares of GoDaddy by 20.5% during the third quarter. The Manufacturers Life Insurance Company now owns 90,810 shares of the technology company’s stock valued at $14,237,000 after buying an additional 15,452 shares during the last quarter. FMR LLC lifted its stake in shares of GoDaddy by 19.8% in the third quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock valued at $260,299,000 after buying an additional 274,014 shares during the period. Finally, Glenmede Trust Co. NA grew its position in GoDaddy by 41.3% during the third quarter. Glenmede Trust Co. NA now owns 3,086 shares of the technology company’s stock worth $484,000 after buying an additional 902 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $178.89 on Friday. The business has a fifty day moving average of $189.80 and a 200-day moving average of $184.18. 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 twelve month low of $118.39 and a twelve month high of $216.00. The firm has a market cap of $25.29 billion, a PE ratio of 27.73 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. On average, equities research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GDDY shares. Morgan Stanley upped their price target on GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Raymond James upped their target price on GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. StockNews.com downgraded shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. UBS Group increased their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

Insider Buying and Selling

In other news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the sale, the director now directly owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $597,030.00. Following the completion of the transaction, the chief executive officer now owns 333,153 shares in the company, valued at approximately $66,300,778.53. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,816,029 in the last quarter. Insiders own 0.61% of the company’s stock.

GoDaddy Company 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.