Oxford Financial Group LTD. LLC Acquires New Holdings in GoDaddy Inc. (NYSE:GDDY)

Oxford Financial Group LTD. LLC bought a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,502 shares of the technology company's stock, valued at approximately $494,000.

Other large investors have also recently bought and sold shares of the company. Quent Capital LLC boosted its holdings in shares of GoDaddy by 4.4% in the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company's stock valued at $248,000 after acquiring an additional 53 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in 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 purchasing an additional 64 shares in the last quarter. New York Life Investment Management LLC boosted its stake in 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 purchasing an additional 71 shares in the last quarter. Metis Global Partners LLC increased its position in shares of GoDaddy by 1.1% during the 4th quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company's stock valued at $1,294,000 after purchasing an additional 74 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of GoDaddy by 13.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company's stock worth $146,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

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GoDaddy Stock Up 0.3 %

NYSE GDDY traded up $0.50 during trading on Tuesday, reaching $184.00. 1,787,481 shares of the company's stock were exchanged, compared to its average volume of 1,342,573. The firm has a market capitalization of $26.01 billion, a PE ratio of 28.53 and a beta of 1.25. GoDaddy Inc. has a fifty-two week low of $118.39 and a fifty-two week 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 fifty day simple moving average is $191.17 and its 200-day simple moving average is $183.53.

GoDaddy (NYSE:GDDY - Get Free Report) last posted 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. Sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

GDDY has been the subject of several research reports. UBS Group raised their target price on GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. B. Riley increased their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays raised their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Seven 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

Insider Activity

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the sale, the director now directly owns 23,121 shares in the company, valued at $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 19,480 shares of company stock worth $3,816,029 in the last ninety days. Corporate 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.