Assetmark Inc. Has $8.08 Million Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Assetmark Inc. cut its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,957 shares of the technology company's stock after selling 10,339 shares during the period. Assetmark Inc.'s holdings in GoDaddy were worth $8,084,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GDDY. Cookson Peirce & Co. Inc. boosted its holdings in GoDaddy by 56.7% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 4,715 shares of the technology company's stock valued at $931,000 after purchasing an additional 1,706 shares in the last quarter. Keybank National Association OH boosted its holdings in GoDaddy by 43.6% during the fourth quarter. Keybank National Association OH now owns 10,964 shares of the technology company's stock valued at $2,164,000 after purchasing an additional 3,329 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of GoDaddy by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 921,633 shares of the technology company's stock valued at $181,903,000 after acquiring an additional 30,102 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of GoDaddy by 16.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company's stock valued at $134,000 after acquiring an additional 98 shares during the last quarter. Finally, LGT Fund Management Co Ltd. bought a new position in shares of GoDaddy in the fourth quarter valued at approximately $2,790,000. 90.28% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, Director Brian Sharples sold 500 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $90,330.00. Following the sale, the director now directly owns 22,121 shares of the company's stock, valued at approximately $3,996,379.86. This represents a 2.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the transaction, the chief operating officer now directly owns 184,632 shares in the company, valued at approximately $38,283,445.20. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,034 shares of company stock valued at $4,166,030. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of research analyst reports. B. Riley lifted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Royal Bank of Canada reiterated 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. 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 target price for the company. UBS Group boosted their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Citigroup boosted their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. 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 Up 2.0 %

NYSE GDDY traded up $3.39 on Friday, reaching $175.52. The company had a trading volume of 1,885,520 shares, compared to its average volume of 1,331,842. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 27.21 and a beta of 1.25. 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 1-year low of $113.01 and a 1-year high of $216.00. The company's fifty day moving average is $195.50 and its 200-day moving average is $182.26.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. On average, research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

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.