Soros Capital Management LLC Lowers Stake in GoDaddy Inc. (NYSE:GDDY)

Soros Capital Management LLC lessened its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 30.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,795 shares of the technology company's stock after selling 6,967 shares during the quarter. Soros Capital Management LLC's holdings in GoDaddy were worth $3,117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GDDY. 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 position in shares of GoDaddy by 29.2% in the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock valued at $3,172,000 after buying an additional 3,631 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in shares of GoDaddy in the fourth quarter valued at $1,045,000. Mount Yale Investment Advisors LLC lifted its position in GoDaddy by 205.3% during the fourth 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 during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in GoDaddy by 68.4% in the 4th 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 period. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Trading Up 1.7 %

NYSE:GDDY traded up $3.02 during trading hours on Friday, hitting $183.44. The company had a trading volume of 1,223,605 shares, compared to its average volume of 1,470,282. GoDaddy Inc. has a 52 week low of $120.59 and a 52 week high of $216.00. The company has a market capitalization of $25.93 billion, a PE ratio of 28.44 and a beta of 1.19. The stock has a 50-day moving average price of $175.31 and a 200 day moving average price of $186.22. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56.

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

Insiders Place Their Bets

In other news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total transaction of $171,750.00. Following the transaction, the chief operating officer now directly owns 256,949 shares of the company's stock, valued at $44,130,990.75. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total value of $989,175.00. Following the sale, the chief financial officer now directly owns 115,375 shares in the company, valued at $20,750,193.75. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,000 shares of company stock valued at $3,518,150. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GDDY shares. B. Riley boosted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. StockNews.com downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Benchmark lifted their price target on shares of GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company began coverage on GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price objective on GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $209.60.

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.