GoDaddy Inc. (NYSE:GDDY) Stock Holdings Lessened by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,186 shares of the technology company's stock after selling 1,808 shares during the period. Landscape Capital Management L.L.C.'s holdings in GoDaddy were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. purchased a new stake in GoDaddy during the 3rd quarter worth approximately $357,000. Redwood Investment Management LLC acquired a new stake in shares of GoDaddy during the third quarter worth approximately $465,000. Royal London Asset Management Ltd. increased its stake in shares of GoDaddy by 4.1% in the third quarter. Royal London Asset Management Ltd. now owns 58,067 shares of the technology company's stock worth $9,104,000 after buying an additional 2,270 shares during the last quarter. Quantinno Capital Management LP raised its holdings in GoDaddy by 19.6% in the third quarter. Quantinno Capital Management LP now owns 13,803 shares of the technology company's stock valued at $2,164,000 after acquiring an additional 2,260 shares in the last quarter. Finally, State Street Corp boosted its stake in GoDaddy by 2.2% during the 3rd quarter. State Street Corp now owns 6,892,134 shares of the technology company's stock valued at $1,080,549,000 after acquiring an additional 147,105 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the transaction, the director now directly owns 22,621 shares of the company's stock, valued at approximately $4,698,381.70. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of GoDaddy 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 transaction, the chief operating officer now owns 257,949 shares in the company, valued at approximately $44,937,295.29. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,000 shares of company stock valued at $3,546,970. Company insiders own 0.61% of the company's stock.

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GoDaddy Stock Performance

Shares of GDDY traded up $3.06 during mid-day trading on Friday, reaching $172.06. 2,360,607 shares of the company's stock traded hands, compared to its average volume of 1,457,459. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month high of $216.00. The stock has a market capitalization of $24.32 billion, a P/E ratio of 26.68 and a beta of 1.19. The business's 50-day moving average price is $180.85 and its 200-day moving average price is $185.33. 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 earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The business had revenue of $1.19 billion for 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%. Equities analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

GDDY has been the subject of several research analyst reports. UBS Group boosted their target price 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. Wells Fargo & Company started coverage on GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price objective for the company. Benchmark increased their target price on GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Raymond James boosted their price target on GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group reduced their price objective on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $212.20.

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.