Schroder Investment Management Group Sells 6,689 Shares of GoDaddy Inc. (NYSE:GDDY)

Schroder Investment Management Group trimmed its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,185 shares of the technology company's stock after selling 6,689 shares during the period. Schroder Investment Management Group owned about 0.07% of GoDaddy worth $19,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in shares of GoDaddy during the fourth quarter worth about $25,554,000. CWA Asset Management Group LLC lifted its stake in GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock valued at $3,172,000 after acquiring an additional 3,631 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in GoDaddy during the 4th quarter worth approximately $1,045,000. Mount Yale Investment Advisors LLC grew its stake 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 worth $1,110,000 after acquiring an additional 3,783 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock valued at $243,000 after purchasing an additional 499 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on GDDY. Morgan Stanley increased 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. Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Jefferies Financial Group dropped their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday. Piper Sandler raised their price target on GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Finally, Benchmark upped their price objective on GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.20.

GoDaddy Stock Performance

Shares of GDDY traded down $2.03 during trading hours on Monday, hitting $162.39. The company had a trading volume of 3,396,614 shares, compared to its average volume of 1,441,499. The business has a fifty day moving average of $186.12 and a 200-day moving average of $185.27. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The firm has a market cap of $22.95 billion, a price-to-earnings ratio of 25.18 and a beta of 1.19. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month 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 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $623,100.00. Following the transaction, the chief executive officer now directly owns 330,153 shares of the company's stock, valued at approximately $68,572,778.10. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total value of $200,570.00. Following the completion of the sale, the chief operating officer now owns 183,632 shares of the company's stock, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,000 shares of company stock valued at $3,546,970. 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.