GoDaddy Inc. (NYSE:GDDY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,834 shares of the technology company’s stock after selling 319 shares during the period. Thrivent Financial for Lutherans’ holdings in GoDaddy were worth $1,699,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in GoDaddy during the fourth quarter valued at approximately $25,554,000. CWA Asset Management Group LLC lifted its stake in shares of GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after purchasing an additional 3,631 shares during the period. Fiduciary Alliance LLC purchased a new stake in GoDaddy during the fourth quarter worth $1,045,000. Mount Yale Investment Advisors LLC grew its position in GoDaddy by 205.3% during 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 buying an additional 3,783 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after buying an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling

In other news, CFO Mark Mccaffrey sold 5,500 shares of the company’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 $1,094,555.00. Following the transaction, the chief financial officer now directly owns 84,300 shares in the company, valued at approximately $16,776,543. This represents a 6.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 333,153 shares in the company, valued at $66,300,778.53. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,480 shares of company stock worth $3,816,029. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

GDDY has been the topic of a number of analyst reports. B. Riley raised their target price on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Wells Fargo & Company assumed coverage on GoDaddy in a research report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. StockNews.com lowered GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price target (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Finally, Benchmark increased their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Stock Down 2.1 %

Shares of GDDY opened at $178.89 on Friday. GoDaddy Inc. has a 52-week low of $118.39 and a 52-week high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The stock has a fifty day simple moving average of $189.80 and a two-hundred day simple moving average of $184.18. The company has a market capitalization of $25.29 billion, a PE ratio of 27.73 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, equities analysts forecast that GoDaddy Inc. will post 6.63 EPS 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.