Ossiam Trims Holdings in GoDaddy Inc. (NYSE:GDDY)

Ossiam lessened its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 43.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,241 shares of the technology company's stock after selling 4,108 shares during the period. Ossiam's holdings in GoDaddy were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GDDY. Proficio Capital Partners LLC purchased a new stake in shares of GoDaddy during the 4th quarter valued at about $25,554,000. CWA Asset Management Group LLC raised its position in GoDaddy by 29.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock valued at $3,172,000 after purchasing an additional 3,631 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of GoDaddy in the 4th quarter valued at approximately $1,045,000. Mount Yale Investment Advisors LLC increased its position in shares of GoDaddy by 205.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company's stock valued at $1,110,000 after purchasing an additional 3,783 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in GoDaddy by 68.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock valued at $243,000 after buying an additional 499 shares during the period. Hedge funds and other institutional investors own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

GDDY has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a research report on Friday. Barclays raised their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. B. Riley upped their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Wells Fargo & Company began coverage on GoDaddy in a research report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Eight 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $209.60.

Insider Buying and Selling

In other news, Director Brian Sharples sold 500 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $89,925.00. Following the transaction, the director now owns 21,621 shares in the company, valued at $3,888,536.85. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total value of $171,750.00. Following the completion of the transaction, the chief operating officer now owns 256,949 shares in the company, valued at $44,130,990.75. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $3,518,150 in the last 90 days. Insiders own 0.61% of the company's stock.

GoDaddy Stock Up 1.7 %

NYSE GDDY traded up $3.02 on Friday, hitting $183.44. The stock had a trading volume of 1,223,605 shares, compared to its average volume of 1,470,964. The business's fifty day moving average price is $175.36 and its 200 day moving average price is $186.38. The stock has a market cap of $25.93 billion, a price-to-earnings ratio of 28.44 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. GoDaddy Inc. has a 52-week low of $120.59 and a 52-week high of $216.00.

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 net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. Equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.