Inceptionr LLC Lowers Stock Position in GoDaddy Inc. (NYSE:GDDY)

Inceptionr LLC decreased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,212 shares of the technology company's stock after selling 2,973 shares during the quarter. Inceptionr LLC's holdings in GoDaddy were worth $1,423,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quent Capital LLC lifted 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 valued at $248,000 after buying an additional 53 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of GoDaddy by 4.7% during the 4th 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 in the last quarter. New York Life Investment Management LLC lifted its stake in shares of GoDaddy by 0.4% during the 4th 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. Prime Capital Investment Advisors LLC lifted its stake in shares of GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company's stock valued at $296,000 after buying an additional 73 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in GoDaddy by 1.1% in the 4th quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company's stock valued at $1,294,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

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Analyst Ratings Changes

GDDY has been the topic of a number of research reports. B. Riley lifted their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Barclays lifted their price target on shares of GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a report on Friday, February 14th. UBS Group lifted their price target on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Finally, Morgan Stanley boosted their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.20.

GoDaddy Trading Up 2.0 %

Shares of GDDY stock traded up $3.39 during trading hours on Friday, reaching $175.52. 1,885,520 shares of the stock were exchanged, compared to its average volume of 1,331,842. GoDaddy Inc. has a 12-month low of $113.01 and a 12-month high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company's 50-day moving average price is $195.50 and its 200-day moving average price is $182.38. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 27.21 and a beta of 1.25.

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

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 1,554 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $203.90, for a total value of $316,860.60. Following the completion of the sale, the chief accounting officer now directly owns 21,505 shares of the company's stock, valued at $4,384,869.50. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the sale, the chief financial officer now directly owns 84,300 shares of the company's stock, valued at approximately $16,776,543. This trade represents a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,034 shares of company stock valued at $4,166,030 in the last three months. Company insiders own 0.61% of the company's stock.

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.