GoDaddy Inc. (NYSE:GDDY) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,621 shares of the technology company's stock after selling 49,359 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of GoDaddy worth $28,544,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GDDY. Anchor Investment Management LLC acquired a new position in shares of GoDaddy during the third quarter worth about $31,000. Versant Capital Management Inc purchased a new stake in GoDaddy in the 4th quarter valued at approximately $43,000. Rakuten Securities Inc. increased its position in GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after purchasing an additional 165 shares during the period. Friedenthal Financial purchased a new position in shares of GoDaddy during the 4th quarter worth approximately $49,000. Finally, OFI Invest Asset Management acquired a new stake in shares of GoDaddy in the 4th quarter valued at approximately $52,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total value of $200,570.00. Following the transaction, the chief operating officer now directly owns 183,632 shares of the company's stock, valued at $36,831,070.24. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $989,175.00. Following the sale, the chief financial officer now directly owns 115,375 shares of the company's stock, valued at approximately $20,750,193.75. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock worth $3,546,970 in the last quarter. 0.61% of the stock is owned by insiders.

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GoDaddy Trading Up 1.8 %

NYSE GDDY traded up $3.06 during trading hours on Friday, hitting $172.06. 2,360,607 shares of the company's stock were exchanged, compared to its average volume of 1,457,459. The business's 50 day moving average is $180.85 and its 200-day moving average is $185.33. 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 12-month low of $119.76 and a 12-month high of $216.00. The firm has a market capitalization of $24.32 billion, a P/E ratio of 26.68 and a beta of 1.19.

GoDaddy (NYSE:GDDY - Get Free Report) last announced 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 return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.18 billion. As a group, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on GDDY shares. Barclays raised their target price on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a report on Friday, February 14th. 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. Benchmark boosted their target price on GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group decreased their price objective on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research report on Monday. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and a consensus price target of $212.20.

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.