Horizon Investments LLC Has $2.53 Million Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Horizon Investments LLC grew its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 570.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,812 shares of the technology company's stock after purchasing an additional 10,900 shares during the quarter. Horizon Investments LLC's holdings in GoDaddy were worth $2,529,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GDDY. Huntington National Bank grew its stake 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 purchasing an additional 230 shares during the period. CIBC Asset Management Inc boosted its holdings in GoDaddy by 8.1% during the third quarter. CIBC Asset Management Inc now owns 21,113 shares of the technology company's stock worth $3,310,000 after buying an additional 1,589 shares during the last quarter. Natixis Advisors LLC grew its position in shares of GoDaddy by 42.8% during the 3rd quarter. Natixis Advisors LLC now owns 30,409 shares of the technology company's stock worth $4,768,000 after buying an additional 9,115 shares during the period. Swiss National Bank raised its position in shares of GoDaddy by 4.4% in the 3rd quarter. Swiss National Bank now owns 418,300 shares of the technology company's stock valued at $65,581,000 after acquiring an additional 17,500 shares during the period. Finally, Caprock Group LLC acquired a new stake in shares of GoDaddy in the 3rd quarter valued at approximately $1,760,000. Institutional investors and hedge funds own 90.28% of the company's stock.

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Insider Buying and Selling at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $174.21, for a total value of $174,210.00. Following the completion of the sale, the chief operating officer now owns 257,949 shares in the company, valued at $44,937,295.29. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Sharples sold 500 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $99,505.00. Following the transaction, the director now owns 23,121 shares in the company, valued at $4,601,310.21. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,480 shares of company stock worth $3,816,029 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on GDDY shares. Morgan Stanley boosted their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Wells Fargo & Company assumed coverage on GoDaddy in a research note on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price objective on the stock. StockNews.com lowered GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Barclays raised their price target on GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Citigroup boosted their price objective on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.20.

GoDaddy Stock Down 0.1 %

Shares of GDDY stock traded down $0.20 during trading on Friday, reaching $180.49. The company's stock had a trading volume of 3,085,676 shares, compared to its average volume of 1,342,685. The company has a market cap of $25.51 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25. GoDaddy Inc. has a one year low of $118.39 and a one year high of $216.00. The business has a fifty day moving average price of $191.37 and a 200-day moving average price of $183.14. 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 posted 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. Analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share 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.