Fiduciary Alliance LLC Invests $1.05 Million in GoDaddy Inc. (NYSE:GDDY)

Fiduciary Alliance LLC bought a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,295 shares of the technology company's stock, valued at approximately $1,045,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDDY. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy during the third quarter worth $27,000. ORG Wealth Partners LLC acquired a new position in GoDaddy during the 3rd quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the 3rd quarter valued at about $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $43,000. Finally, Huntington National Bank raised its position in shares of GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 1.9 %

NYSE GDDY traded up $3.61 on Tuesday, hitting $197.10. The company's stock had a trading volume of 1,269,372 shares, compared to its average volume of 1,007,921. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a 52-week low of $103.64 and a 52-week high of $211.11. The firm has a market cap of $27.67 billion, a P/E ratio of 15.23 and a beta of 1.15. The company's 50-day simple moving average is $196.82 and its 200 day simple moving average is $169.76.

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

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the sale, the chief financial officer now directly owns 84,300 shares of the company's stock, valued at approximately $16,776,543. This represents a 6.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $167.79, for a total transaction of $503,370.00. Following the completion of the transaction, the chief executive officer now owns 345,956 shares in the company, valued at approximately $58,047,957.24. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,003 shares of company stock valued at $4,462,363 over the last quarter. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. B. Riley increased their price target on GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Barclays raised their target price on GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group upped their price target on GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Five 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.14.

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.