Assetmark Inc. Has $8.04 Million Position in GoDaddy Inc. (NYSE:GDDY)

Assetmark Inc. lowered its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 25.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,296 shares of the technology company's stock after selling 17,070 shares during the period. Assetmark Inc.'s holdings in GoDaddy were worth $8,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sei Investments Co. increased its position in shares of GoDaddy by 13.1% during the first quarter. Sei Investments Co. now owns 176,053 shares of the technology company's stock worth $20,894,000 after acquiring an additional 20,347 shares in the last quarter. Headlands Technologies LLC bought a new stake in GoDaddy during the 1st quarter worth approximately $296,000. Motley Fool Asset Management LLC boosted its stake in GoDaddy by 13.5% during the first quarter. Motley Fool Asset Management LLC now owns 3,009 shares of the technology company's stock worth $357,000 after acquiring an additional 359 shares in the last quarter. Entropy Technologies LP acquired a new position in GoDaddy during the first quarter worth $1,175,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in GoDaddy by 20.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,554 shares of the technology company's stock worth $8,967,000 after buying an additional 12,651 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Price Performance

Shares of NYSE:GDDY traded up $4.08 during trading on Tuesday, reaching $187.21. 1,810,110 shares of the company traded hands, compared to its average volume of 1,463,475. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The firm has a market capitalization of $26.28 billion, a PE ratio of 14.32 and a beta of 1.11. GoDaddy Inc. has a 52 week low of $87.16 and a 52 week high of $187.55. The company's 50 day moving average is $160.27 and its two-hundred day moving average is $149.65.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The business's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that GoDaddy Inc. will post 4.95 earnings per share for the current year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CAO Nick Daddario sold 2,976 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.61, for a total value of $451,191.36. Following the sale, the chief accounting officer now directly owns 14,728 shares of the company's stock, valued at approximately $2,232,912.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total value of $500,730.00. Following the transaction, the chief executive officer now owns 358,773 shares in the company, valued at $59,882,801.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Nick Daddario sold 2,976 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.61, for a total transaction of $451,191.36. Following the completion of the sale, the chief accounting officer now directly owns 14,728 shares of the company's stock, valued at $2,232,912.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,344 shares of company stock worth $4,529,897 over the last 90 days. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GDDY shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. Barclays boosted their target price on GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Raymond James boosted their price objective on GoDaddy from $150.00 to $175.00 and gave the company a "strong-buy" rating in a research note on Friday, August 2nd. Robert W. Baird increased their target price on GoDaddy from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada increased their target price on GoDaddy from $175.00 to $190.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Five 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $171.38.

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.