Citizens Financial Group Inc. RI Boosts Stock Position in GoDaddy Inc. (NYSE:GDDY)

Citizens Financial Group Inc. RI increased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,043 shares of the technology company’s stock after acquiring an additional 553 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in GoDaddy were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of GoDaddy in the third quarter worth about $27,000. Apollon Wealth Management LLC lifted its holdings in GoDaddy by 20.2% in the third quarter. Apollon Wealth Management LLC now owns 2,653 shares of the technology company’s stock worth $416,000 after buying an additional 446 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of GoDaddy during the third quarter valued at approximately $273,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of GoDaddy by 4.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 373,257 shares of the technology company’s stock valued at $58,519,000 after buying an additional 17,573 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of GoDaddy by 4.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of GoDaddy stock opened at $171.92 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 12 month low of $115.19 and a 12 month high of $216.00. The stock has a 50 day moving average of $193.46 and a 200 day moving average of $182.39. The firm has a market cap of $24.30 billion, a PE ratio of 26.65 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last announced 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 return on equity of 176.06% and a net margin of 20.49%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. On average, research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on GDDY shares. Raymond James increased their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Piper Sandler lifted their price target on shares of GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Barclays boosted their price objective on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. B. Riley increased their price objective on shares of 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 lifted their target price on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $213.20.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the transaction, the chief operating officer now directly owns 184,632 shares of the company’s stock, valued at $38,283,445.20. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $597,030.00. Following the transaction, the chief executive officer now owns 333,153 shares of the company’s stock, valued at $66,300,778.53. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,480 shares of company stock worth $3,849,169. 0.61% of the stock is currently owned by corporate insiders.

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.