GoDaddy Inc. (NYSE:GDDY) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 68.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,229 shares of the technology company’s stock after acquiring an additional 499 shares during the period. Jones Financial Companies Lllp’s holdings in GoDaddy were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GDDY. Covestor Ltd raised its stake in shares of GoDaddy by 22.4% during the 3rd quarter. Covestor Ltd now owns 590 shares of the technology company’s stock worth $93,000 after buying an additional 108 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in GoDaddy in the 3rd quarter worth approximately $27,000. Apollon Wealth Management LLC raised its position in shares of GoDaddy by 20.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,653 shares of the technology company’s stock valued at $416,000 after purchasing an additional 446 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of GoDaddy in the 3rd quarter valued at approximately $273,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position 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 acquiring an additional 17,573 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $180.66, for a total transaction of $90,330.00. Following the transaction, the director now owns 22,121 shares in the company, valued at $3,996,379.86. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $207,350.00. Following the completion of the transaction, the chief operating officer now owns 184,632 shares in the company, valued at approximately $38,283,445.20. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,480 shares of company stock valued at $3,849,169. Insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 1.2 %

NYSE GDDY opened at $174.48 on Thursday. The stock has a 50-day simple moving average of $194.00 and a 200 day simple moving average of $182.46. The company has a market capitalization of $24.66 billion, a PE ratio of 27.05 and a beta of 1.25. 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.

GoDaddy (NYSE:GDDY) last posted 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). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on GDDY shares. B. Riley upped their price objective on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Piper Sandler lifted their price target on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Robert W. Baird lifted their price target on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Benchmark raised their price objective on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, StockNews.com downgraded 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $213.20.

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.