Schroder Investment Management Group Sells 6,689 Shares of GoDaddy Inc. (NYSE:GDDY)

Schroder Investment Management Group lowered its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 98,185 shares of the technology company’s stock after selling 6,689 shares during the period. Schroder Investment Management Group’s holdings in GoDaddy were worth $19,583,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GDDY. Proficio Capital Partners LLC bought a new position in shares of GoDaddy during the 4th quarter worth approximately $25,554,000. CWA Asset Management Group LLC boosted its position in GoDaddy by 29.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after purchasing an additional 3,631 shares during the period. 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 raised its position in shares of GoDaddy by 205.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock valued at $1,110,000 after purchasing an additional 3,783 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of GoDaddy by 68.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock worth $243,000 after buying an additional 499 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James increased their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. Piper Sandler lifted their price target on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company assumed coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective on the stock. Finally, StockNews.com cut shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $213.20.

Insider Activity at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00. Following the sale, the director now directly owns 22,621 shares in the company, valued at approximately $4,698,381.70. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $623,100.00. Following the completion of the transaction, the chief executive officer now owns 330,153 shares of the company’s stock, valued at approximately $68,572,778.10. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,480 shares of company stock valued at $2,024,939. 0.61% of the stock is owned by insiders.

GoDaddy Trading Down 0.1 %

Shares of GDDY stock opened at $180.48 on Thursday. GoDaddy Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $216.00. The stock’s fifty day moving average price is $188.41 and its two-hundred day moving average price is $184.78. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The company has a market cap of $25.51 billion, a PE ratio of 27.98 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data 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). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

GoDaddy 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.