CWA Asset Management Group LLC Raises Stake in GoDaddy Inc. (NYSE:GDDY)

CWA Asset Management Group LLC boosted its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 29.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,071 shares of the technology company's stock after acquiring an additional 3,631 shares during the period. CWA Asset Management Group LLC's holdings in GoDaddy were worth $3,172,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GDDY. Fiera Capital Corp raised its stake in shares of GoDaddy by 1.6% in the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company's stock valued at $115,725,000 after acquiring an additional 13,206 shares during the period. Arizona State Retirement System boosted its position in shares of GoDaddy by 1.0% during the second quarter. Arizona State Retirement System now owns 37,181 shares of the technology company's stock worth $5,195,000 after buying an additional 384 shares during the period. Candriam S.C.A. boosted its position in shares of GoDaddy by 25.0% during the second quarter. Candriam S.C.A. now owns 15,617 shares of the technology company's stock worth $2,182,000 after buying an additional 3,121 shares during the period. Acadian Asset Management LLC raised its holdings in shares of GoDaddy by 4.8% in the 2nd quarter. Acadian Asset Management LLC now owns 363,829 shares of the technology company's stock valued at $50,819,000 after buying an additional 16,755 shares during the period. Finally, Quest Partners LLC lifted its stake in GoDaddy by 1,613.7% during the 2nd quarter. Quest Partners LLC now owns 9,888 shares of the technology company's stock worth $1,381,000 after acquiring an additional 9,311 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GDDY. Jefferies Financial Group boosted their price target on shares of GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Barclays increased their target price on shares of GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on shares of GoDaddy from $175.00 to $224.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Robert W. Baird lifted their target price on GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and a consensus target price of $187.71.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $207.35, for a total value of $207,350.00. Following the sale, the chief operating officer now owns 184,632 shares of the company's stock, valued at $38,283,445.20. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Sharples sold 500 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00. Following the transaction, the director now owns 24,121 shares in the company, valued at approximately $4,317,659. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,003 shares of company stock worth $4,626,523. 0.61% of the stock is owned by company insiders.

GoDaddy Stock Performance

NYSE:GDDY traded down $3.76 during mid-day trading on Tuesday, reaching $195.58. 992,278 shares of the stock were exchanged, compared to its average volume of 946,769. The stock has a market capitalization of $27.46 billion, a P/E ratio of 15.11 and a beta of 1.15. GoDaddy Inc. has a 1 year low of $100.43 and a 1 year high of $211.11. The company has a 50 day simple moving average of $193.67 and a 200-day simple moving average of $167.80. 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 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $0.89 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

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.