GoDaddy Inc. (NYSE:GDDY) Holdings Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,998 shares of the technology company’s stock after purchasing an additional 2,227 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in GoDaddy were worth $1,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in GoDaddy in the 4th quarter valued at about $28,000. Transcendent Capital Group LLC bought a new stake in shares of GoDaddy during the second quarter valued at approximately $28,000. GAMMA Investing LLC boosted its position in shares of GoDaddy by 102.3% during the first quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 133 shares during the period. ORG Partners LLC bought a new position in GoDaddy in the 2nd quarter worth approximately $32,000. Finally, International Assets Investment Management LLC acquired a new stake in GoDaddy in the 2nd quarter valued at approximately $36,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GDDY has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. B. Riley increased their target price on shares of GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Raymond James raised their target price on shares of GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. Barclays upped their price target on shares of GoDaddy from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald assumed coverage on GoDaddy in a report on Thursday, September 5th. They set a “neutral” rating and a $170.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.08.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 4,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.79, for a total value of $559,160.00. Following the completion of the sale, the chief operating officer now owns 192,632 shares of the company’s stock, valued at $26,928,027.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Roger Chen sold 4,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.79, for a total value of $559,160.00. Following the completion of the sale, the chief operating officer now directly owns 192,632 shares of the company’s stock, valued at $26,928,027.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.79, for a total transaction of $629,055.00. Following the transaction, the chief executive officer now directly owns 365,398 shares in the company, valued at $51,078,986.42. The disclosure for this sale can be found here. Insiders have sold a total of 31,744 shares of company stock valued at $4,816,386 in the last three months. 0.61% of the stock is currently owned by company insiders.

GoDaddy Trading Up 0.3 %

Shares of GDDY opened at $160.55 on Friday. The business’s 50-day moving average price is $154.36 and its 200 day moving average price is $138.90. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. The stock has a market capitalization of $22.91 billion, a P/E ratio of 13.33 and a beta of 1.13. GoDaddy Inc. has a 1-year low of $71.15 and a 1-year high of $167.65.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.06). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. Analysts expect that GoDaddy Inc. will post 5.06 earnings per share for the current 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.