Vontobel Holding Ltd. Sells 7,287 Shares of GoDaddy Inc. (NYSE:GDDY)

Vontobel Holding Ltd. decreased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 64.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,009 shares of the technology company's stock after selling 7,287 shares during the quarter. Vontobel Holding Ltd.'s holdings in GoDaddy were worth $791,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in GoDaddy by 3.4% in the third quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company's stock worth $31,052,000 after purchasing an additional 6,424 shares during the period. Highland Capital Management LLC bought a new stake in GoDaddy in the third quarter worth about $1,132,000. CWA Asset Management Group LLC raised its position in GoDaddy by 29.2% in the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock worth $3,172,000 after acquiring an additional 3,631 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in GoDaddy by 28.0% in the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company's stock worth $6,907,000 after acquiring an additional 9,631 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd raised its position in GoDaddy by 39.6% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company's stock worth $9,410,000 after acquiring an additional 17,021 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

Insiders Place Their Bets

In other news, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $194.28, for a total value of $194,280.00. Following the completion of the sale, the chief operating officer now directly owns 182,632 shares of the company's stock, valued at approximately $35,481,744.96. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Phontip Palitwanon sold 770 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the sale, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at $4,534,321.76. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,482 shares of company stock valued at $4,903,930 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

GoDaddy Stock Down 1.6 %

Shares of NYSE GDDY traded down $2.75 during trading hours on Friday, hitting $173.82. The stock had a trading volume of 1,477,403 shares, compared to its average volume of 1,434,149. The company has a market capitalization of $24.40 billion, a P/E ratio of 26.95 and a beta of 1.15. The firm's 50-day moving average price is $201.36 and its two-hundred day moving average price is $180.93. GoDaddy Inc. has a 52 week low of $108.38 and a 52 week high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target 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. Wells Fargo & Company assumed coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target on the stock. B. Riley boosted their price target on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. UBS Group boosted their price target on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $213.20.

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.