GoDaddy Inc. (NYSE:GDDY) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,512 shares of the technology company's stock after acquiring an additional 2,209 shares during the period. American Century Companies Inc.'s holdings in GoDaddy were worth $8,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC grew its stake in shares of GoDaddy by 4.4% during the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company's stock worth $248,000 after purchasing an additional 53 shares during the period. Lake Street Advisors Group LLC grew its position in GoDaddy by 4.7% during 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 increased its holdings in GoDaddy by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company's stock valued at $3,708,000 after buying an additional 71 shares in the last quarter. Metis Global Partners LLC increased its holdings in GoDaddy by 1.1% in the fourth quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company's stock valued at $1,294,000 after buying an additional 74 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of GoDaddy by 13.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company's stock worth $146,000 after acquiring an additional 88 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on GDDY. B. Riley lifted their price target on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Jefferies Financial Group cut their price objective on GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a research report on Monday. StockNews.com lowered GoDaddy from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Morgan Stanley lifted their price target on shares of GoDaddy from $227.00 to $228.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy presently has a consensus rating of "Moderate Buy" and an average target price of $212.20.

Insider Activity

In related news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total value of $200,570.00. Following the transaction, the chief operating officer now directly owns 183,632 shares in the company, valued at approximately $36,831,070.24. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the 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 completion of the transaction, the director now owns 22,621 shares of the company's stock, valued at $4,698,381.70. The trade was a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,000 shares of company stock valued at $3,546,970. 0.61% of the stock is currently owned by insiders.

GoDaddy Price Performance

GDDY traded down $0.61 during trading on Tuesday, reaching $161.88. The company's stock had a trading volume of 1,912,148 shares, compared to its average volume of 1,443,716. The company has a market cap of $22.88 billion, a price-to-earnings ratio of 25.10 and a beta of 1.19. The firm has a fifty day simple moving average of $184.03 and a two-hundred day simple moving average of $185.12. GoDaddy Inc. has a 1 year low of $119.76 and a 1 year high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion for 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%. As a group, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

GoDaddy Company 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.