Quest Partners LLC Sells 3,986 Shares of GoDaddy Inc. (NYSE:GDDY)

Quest Partners LLC lessened its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 40.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,902 shares of the technology company's stock after selling 3,986 shares during the quarter. Quest Partners LLC's holdings in GoDaddy were worth $925,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GDDY. Ashton Thomas Securities LLC bought a new position in GoDaddy in the 3rd quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in GoDaddy in the second quarter valued at about $28,000. ORG Wealth Partners LLC bought a new position in shares of GoDaddy in the third quarter worth about $30,000. ORG Partners LLC bought a new position in shares of GoDaddy in the second quarter worth about $32,000. Finally, International Assets Investment Management LLC bought a new position in shares of GoDaddy in the second quarter worth about $36,000. Institutional investors own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of research analyst reports. B. Riley boosted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. StockNews.com downgraded shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 8th. Raymond James boosted their price target on shares of GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd. Benchmark boosted their price target on shares of GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Barclays boosted their price target on shares of GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.31.

GoDaddy Stock Up 1.4 %

Shares of GoDaddy stock traded up $2.73 on Thursday, hitting $192.85. The company had a trading volume of 602,095 shares, compared to its average volume of 1,456,587. The firm has a market capitalization of $27.07 billion, a P/E ratio of 14.90 and a beta of 1.11. GoDaddy Inc. has a twelve month low of $94.50 and a twelve month high of $193.26. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a 50-day moving average of $164.93 and a 200-day moving average of $152.55.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the company earned $0.89 earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts predict that GoDaddy Inc. will post 4.95 earnings per share for the current year.

Insider Buying and Selling

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $152.17, for a total value of $152,170.00. Following the completion of the sale, the chief operating officer now owns 187,632 shares in the company, valued at $28,551,961.44. This trade represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Nick Daddario sold 2,976 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.61, for a total transaction of $451,191.36. Following the completion of the sale, the chief accounting officer now owns 14,728 shares of the company's stock, valued at approximately $2,232,912.08. This represents a 16.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,845 shares of company stock worth $4,803,380. 0.61% of the stock is owned by insiders.

GoDaddy Company 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.