Commonwealth Equity Services LLC Has $1.49 Million Position in GoDaddy Inc. (NYSE:GDDY)

Commonwealth Equity Services LLC lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,523 shares of the technology company's stock after purchasing an additional 1,595 shares during the period. Commonwealth Equity Services LLC's holdings in GoDaddy were worth $1,485,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC boosted its stake in shares of 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 last quarter. Lake Street Advisors Group LLC lifted its holdings in GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock valued at $283,000 after buying an additional 64 shares during the period. New York Life Investment Management LLC grew its holdings in GoDaddy by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company's stock worth $3,708,000 after acquiring an additional 71 shares during the period. Metis Global Partners LLC grew its holdings in GoDaddy by 1.1% during the 4th quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company's stock worth $1,294,000 after acquiring an additional 74 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of GoDaddy by 13.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company's stock valued at $146,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the sale, the chief financial officer now owns 84,300 shares in the company, valued at $16,776,543. This trade represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00. Following the transaction, the chief operating officer now owns 257,949 shares in the company, valued at $44,937,295.29. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,480 shares of company stock valued at $3,816,029. 0.61% of the stock is owned by insiders.

GoDaddy Stock Down 0.1 %

NYSE GDDY traded down $0.24 during trading on Wednesday, hitting $180.48. The stock had a trading volume of 1,340,368 shares, compared to its average volume of 1,426,920. The company has a market capitalization of $25.51 billion, a PE ratio of 27.98 and a beta of 1.25. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month high of $216.00. The company's 50-day moving average price is $188.41 and its two-hundred day moving average price is $184.78. 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 (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. As a group, sell-side analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. 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. Raymond James increased their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research report on Tuesday, January 21st. Barclays lifted their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upped their target price on shares of GoDaddy from $170.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

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.