Stifel Financial Corp Has $5.19 Million Stock Position in GoDaddy Inc. (NYSE:GDDY)

Stifel Financial Corp decreased its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 36.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 33,119 shares of the technology company's stock after selling 18,647 shares during the period. Stifel Financial Corp's holdings in GoDaddy were worth $5,192,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GDDY. Ashton Thomas Securities LLC bought a new stake in shares of GoDaddy in the third quarter worth $27,000. Transcendent Capital Group LLC acquired a new stake in GoDaddy in the second quarter worth about $28,000. ORG Wealth Partners LLC acquired a new stake in GoDaddy in the third quarter worth about $30,000. ORG Partners LLC acquired a new stake in GoDaddy in the second quarter worth about $32,000. Finally, International Assets Investment Management LLC bought a new stake in GoDaddy in the second quarter worth about $36,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Price Performance

GoDaddy stock traded down $2.13 during mid-day trading on Friday, hitting $206.78. 784,957 shares of the company were exchanged, compared to its average volume of 1,460,180. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The business has a fifty day moving average of $180.63 and a 200 day moving average of $160.59. GoDaddy Inc. has a 1-year low of $99.90 and a 1-year high of $210.30. The company has a market capitalization of $29.03 billion, a PE ratio of 15.98 and a beta of 1.15.

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

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $155.60, for a total value of $466,800.00. Following the completion of the transaction, the chief executive officer now directly owns 348,956 shares in the company, valued at $54,297,553.60. This trade represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Phontip Palitwanon sold 1,554 shares of GoDaddy stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $203.90, for a total value of $316,860.60. Following the transaction, the chief accounting officer now owns 21,505 shares of the company's stock, valued at $4,384,869.50. This represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,503 shares of company stock valued at $4,102,853. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on GDDY. 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 report on Wednesday, December 4th. Piper Sandler lifted their target price on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Robert W. Baird boosted their price target on GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. B. Riley upped their target price on GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com cut GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and an average target price of $181.57.

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.