Dimensional Fund Advisors LP Buys 54,288 Shares of GoDaddy Inc. (NYSE:GDDY)

Dimensional Fund Advisors LP increased its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,025,719 shares of the technology company's stock after buying an additional 54,288 shares during the period. Dimensional Fund Advisors LP owned 0.73% of GoDaddy worth $202,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GDDY. Proficio Capital Partners LLC bought a new stake in shares of GoDaddy during the fourth quarter valued at approximately $25,554,000. CWA Asset Management Group LLC increased its stake in GoDaddy by 29.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock valued at $3,172,000 after purchasing an additional 3,631 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in GoDaddy during the fourth quarter worth $1,045,000. Mount Yale Investment Advisors LLC lifted its stake in shares of GoDaddy by 205.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company's stock valued at $1,110,000 after buying an additional 3,783 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of GoDaddy by 68.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock valued at $243,000 after buying an additional 499 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GDDY has been the topic of a number of analyst reports. UBS Group upped their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. B. Riley raised their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. Citigroup lifted their target price on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Benchmark increased their price target on GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Barclays lifted their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.73.

GoDaddy Trading Up 2.9 %

NYSE:GDDY opened at $169.99 on Wednesday. GoDaddy Inc. has a 12 month low of $120.59 and a 12 month high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The firm's 50 day moving average is $175.43 and its 200 day moving average is $186.10. The stock has a market capitalization of $24.03 billion, a PE ratio of 26.36 and a beta of 1.19.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results 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). The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. Sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Activity

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $89,925.00. Following the transaction, the director now owns 21,621 shares of the company's stock, valued at $3,888,536.85. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total value of $171,750.00. Following the sale, the chief operating officer now directly owns 256,949 shares of the company's stock, valued at approximately $44,130,990.75. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $3,518,150 in the last three months. Corporate insiders own 0.61% of the company's stock.

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.

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