GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,514,432 shares of the technology company's stock after acquiring an additional 90,810 shares during the period. Geode Capital Management LLC owned about 2.50% of GoDaddy worth $692,245,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in GoDaddy during the fourth quarter worth about $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 worth $3,172,000 after buying an additional 3,631 shares during the period. Fiduciary Alliance LLC purchased a new stake in GoDaddy during the 4th quarter worth approximately $1,045,000. Mount Yale Investment Advisors LLC lifted its holdings in GoDaddy by 205.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company's stock worth $1,110,000 after buying an additional 3,783 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in GoDaddy by 68.4% in the 4th 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 period. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Performance

Shares of GoDaddy stock traded down $2.30 on Monday, hitting $162.12. The stock had a trading volume of 918,869 shares, compared to its average volume of 1,431,794. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 25.03 and a beta of 1.19. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 52-week low of $119.76 and a 52-week high of $216.00. The company's 50 day moving average price is $186.96 and its 200 day moving average price is $185.26.

Remove Ads

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Ratings Changes

GDDY has been the topic of several analyst reports. Morgan Stanley increased their price objective on GoDaddy from $227.00 to $228.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. StockNews.com lowered GoDaddy from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. UBS Group boosted their price objective on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price objective on the stock. Finally, Barclays boosted their target price 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. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.20.

Insider Buying and Selling

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the transaction, the director now directly owns 22,621 shares in the company, valued at approximately $4,698,381.70. This trade represents a 2.16 % 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 Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $623,100.00. Following the sale, the chief executive officer now owns 330,153 shares of the company's stock, valued at $68,572,778.10. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $3,546,970 in the last 90 days. Company insiders own 0.61% of the company's stock.

About GoDaddy

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.