Seizert Capital Partners LLC Cuts Stock Position in GoDaddy Inc. (NYSE:GDDY)

Seizert Capital Partners LLC reduced its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 50.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,386 shares of the technology company's stock after selling 27,447 shares during the quarter. Seizert Capital Partners LLC's holdings in GoDaddy were worth $5,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of GoDaddy by 2.2% in the third quarter. State Street Corp now owns 6,892,134 shares of the technology company's stock worth $1,080,549,000 after purchasing an additional 147,105 shares during the period. Geode Capital Management LLC increased its stake in GoDaddy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,423,622 shares of the technology company's stock worth $535,153,000 after buying an additional 84,550 shares in the last quarter. WCM Investment Management LLC raised its holdings in GoDaddy by 7,083.4% during the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock valued at $678,941,000 after acquiring an additional 3,356,678 shares during the period. FMR LLC lifted its position in shares of GoDaddy by 19.8% in the third quarter. FMR LLC now owns 1,660,283 shares of the technology company's stock valued at $260,299,000 after acquiring an additional 274,014 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of GoDaddy by 17.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company's stock worth $214,584,000 after acquiring an additional 203,909 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $180.66, for a total value of $90,330.00. Following the transaction, the director now owns 22,121 shares of the company's stock, valued at $3,996,379.86. This represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $623,100.00. Following the transaction, the chief executive officer now owns 330,153 shares in the company, valued at $68,572,778.10. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,034 shares of company stock worth $4,166,030 in the last three months. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley lifted 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. Barclays lifted their target price on GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Wells Fargo & Company assumed coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target on the stock. Finally, Jefferies Financial Group increased their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Seven investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

GoDaddy Trading Up 2.0 %

GDDY traded up $3.39 during trading hours on Friday, reaching $175.52. 1,885,520 shares of the company's stock traded hands, compared to its average volume of 1,332,284. The firm has a 50-day moving average price of $195.50 and a 200 day moving average price of $182.12. The firm has a market capitalization of $24.81 billion, a PE ratio of 27.21 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 52-week low of $112.49 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

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.