Vanguard Group Inc. Sells 19,490 Shares of GoDaddy Inc. (NYSE:GDDY)

Vanguard Group Inc. lessened its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,671,407 shares of the technology company’s stock after selling 19,490 shares during the quarter. Vanguard Group Inc. owned about 12.59% of GoDaddy worth $3,487,806,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its holdings in shares of GoDaddy by 7,083.4% in the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock worth $678,941,000 after buying an additional 3,356,678 shares in the last quarter. Congress Asset Management Co. purchased a new stake in GoDaddy in the 4th quarter worth $111,923,000. Amundi boosted its holdings in shares of GoDaddy by 84.4% during the 4th quarter. Amundi now owns 931,874 shares of the technology company’s stock valued at $183,710,000 after purchasing an additional 426,501 shares during the last quarter. AustralianSuper Pty Ltd grew its position in shares of GoDaddy by 3,836.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 358,465 shares of the technology company’s stock valued at $70,750,000 after purchasing an additional 349,358 shares in the last quarter. Finally, FMR LLC increased its holdings 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 worth $260,299,000 after purchasing an additional 274,014 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy 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. The trade was a 0.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the sale, the director now directly owns 23,121 shares of the company’s stock, valued at $4,601,310.21. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,480 shares of company stock valued at $3,816,029. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Price Performance

GDDY opened at $184.00 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The business’s fifty day simple moving average is $190.91 and its 200-day simple moving average is $183.77. The company has a market capitalization of $26.01 billion, a price-to-earnings ratio of 28.53 and a beta of 1.25. GoDaddy Inc. has a 12-month low of $118.39 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.18 billion. On average, equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company began coverage on GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 price target (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Citigroup upped their target price on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Piper Sandler lifted their price target on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, B. Riley upped their price objective on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

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.