Sei Investments Co. Trims Holdings in GoDaddy Inc. (NYSE:GDDY)

Sei Investments Co. decreased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,081 shares of the technology company's stock after selling 16,282 shares during the period. Sei Investments Co. owned 0.15% of GoDaddy worth $41,266,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GDDY. American Century Companies Inc. raised its holdings in shares of GoDaddy by 5.5% in the 4th quarter. American Century Companies Inc. now owns 42,512 shares of the technology company's stock worth $8,391,000 after acquiring an additional 2,209 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of GoDaddy by 45.6% in the fourth quarter. Mizuho Securities USA LLC now owns 13,306 shares of the technology company's stock valued at $2,626,000 after purchasing an additional 4,165 shares in the last quarter. Summit Global Investments grew its holdings in GoDaddy by 3.9% during the fourth quarter. Summit Global Investments now owns 49,844 shares of the technology company's stock worth $9,838,000 after buying an additional 1,884 shares in the last quarter. Oxford Financial Group LTD. LLC purchased a new stake in GoDaddy in the 4th quarter valued at $494,000. Finally, TD Private Client Wealth LLC lifted its stake in GoDaddy by 5.3% during the 4th quarter. TD Private Client Wealth LLC now owns 8,631 shares of the technology company's stock valued at $1,704,000 after acquiring an additional 434 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

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GoDaddy Price Performance

GoDaddy stock traded down $3.89 during midday trading on Friday, hitting $178.89. 1,270,179 shares of the company's stock were exchanged, compared to its average volume of 1,425,828. The company has a market cap of $25.29 billion, a P/E ratio of 27.73 and a beta of 1.25. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The stock has a 50-day moving average price of $190.24 and a two-hundred day moving average price of $183.76. GoDaddy Inc. has a 52-week low of $118.39 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. On average, equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Transactions at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total transaction of $200,570.00. Following the completion of the sale, the chief operating officer now directly owns 183,632 shares in the company, valued at $36,831,070.24. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the sale, the chief financial officer now directly owns 84,300 shares of the company's stock, valued at approximately $16,776,543. This trade represents a 6.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,480 shares of company stock valued at $3,816,029. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Raymond James boosted their price target on shares of GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. Benchmark increased their price target on GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. B. Riley lifted their target price on GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, UBS Group increased their price target on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $213.20.

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.