Crossmark Global Holdings Inc. Sells 5,106 Shares of GoDaddy Inc. (NYSE:GDDY)

Crossmark Global Holdings Inc. lessened its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,948 shares of the technology company's stock after selling 5,106 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in GoDaddy were worth $7,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wedge Capital Management L L P NC lifted its stake in GoDaddy by 2,279.5% in the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company's stock valued at $62,908,000 after buying an additional 384,386 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in shares of GoDaddy by 3,227.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company's stock valued at $56,709,000 after acquiring an additional 350,839 shares during the period. FMR LLC raised its position in GoDaddy by 19.8% in the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company's stock valued at $260,299,000 after purchasing an additional 274,014 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in GoDaddy during the 2nd quarter worth $30,785,000. Finally, Intech Investment Management LLC grew its position in GoDaddy by 498.7% during the 3rd quarter. Intech Investment Management LLC now owns 253,367 shares of the technology company's stock worth $39,723,000 after purchasing an additional 211,051 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction on Friday, November 1st. The shares were sold at an average price of $167.79, for a total value of $503,370.00. Following the completion of the sale, the chief executive officer now owns 345,956 shares in the company, valued at approximately $58,047,957.24. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now owns 24,121 shares in the company, valued at $4,317,659. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,483 shares of company stock valued at $4,759,553. Company insiders own 0.61% of the company's stock.

GoDaddy Trading Down 0.7 %

Shares of GDDY stock traded down $1.41 during mid-day trading on Wednesday, hitting $204.18. 1,030,905 shares of the company's stock were exchanged, compared to its average volume of 1,102,453. The stock has a 50-day simple moving average of $199.53 and a two-hundred day simple moving average of $172.22. GoDaddy Inc. has a fifty-two week low of $106.42 and a fifty-two week high of $211.11. The stock has a market cap of $28.67 billion, a price-to-earnings ratio of 15.78 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. Equities analysts expect that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GDDY. StockNews.com downgraded GoDaddy from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th. Benchmark upped their price objective on shares of GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. B. Riley lifted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Robert W. Baird boosted their price target on shares of GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Finally, Barclays raised their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $198.07.

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.