Wilmington Savings Fund Society FSB Makes New $922,000 Investment in GoDaddy Inc. (NYSE:GDDY)

Wilmington Savings Fund Society FSB purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,879 shares of the technology company's stock, valued at approximately $922,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in GoDaddy during the third quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in GoDaddy during the 3rd quarter valued at $30,000. Transcendent Capital Group LLC bought a new position in shares of GoDaddy in the 2nd quarter worth about $28,000. Anchor Investment Management LLC bought a new position in shares of GoDaddy in the 3rd quarter worth about $31,000. Finally, ORG Partners LLC bought a new stake in GoDaddy during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GDDY. Jefferies Financial Group raised their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. B. Riley boosted their price target on shares of GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. StockNews.com cut shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Piper Sandler boosted their target price on shares of GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Finally, Benchmark upped their price objective 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. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and an average price target of $181.57.

GoDaddy Stock Performance

Shares of GDDY stock traded down $2.13 during trading hours on Friday, hitting $206.78. The stock had a trading volume of 784,957 shares, compared to its average volume of 1,460,180. GoDaddy Inc. has a twelve month low of $99.90 and a twelve month high of $210.30. 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's 50 day moving average is $180.63 and its 200 day moving average is $160.59. The firm has a market capitalization of $29.03 billion, a PE ratio of 15.98 and a beta of 1.15.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. As a group, research analysts forecast that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Phontip Palitwanon sold 1,554 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $203.90, for a total value of $316,860.60. Following the completion of the transaction, the chief accounting officer now directly owns 21,505 shares of the company's stock, valued at approximately $4,384,869.50. This represents a 6.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chief operating officer now owns 187,632 shares in the company, valued at $28,551,961.44. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,503 shares of company stock worth $4,102,853. 0.61% of the stock is owned by company 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.