GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 26.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,200 shares of the technology company’s stock after acquiring an additional 4,786 shares during the quarter. Cetera Investment Advisers’ holdings in GoDaddy were worth $4,579,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in GoDaddy by 311.3% in the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 165 shares in the last quarter. OFI Invest Asset Management acquired a new stake in GoDaddy in the 4th quarter worth approximately $52,000. Summit Securities Group LLC acquired a new stake in GoDaddy in the 4th quarter worth approximately $58,000. Physician Wealth Advisors Inc. acquired a new stake in GoDaddy in the 4th quarter worth approximately $67,000. Finally, Global Retirement Partners LLC lifted its holdings in GoDaddy by 31.1% in the 4th quarter. Global Retirement Partners LLC now owns 392 shares of the technology company’s stock worth $77,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GDDY shares. Benchmark reiterated a “buy” rating on shares of GoDaddy in a report on Monday, April 28th. Jefferies Financial Group cut their target price on GoDaddy from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 7th. UBS Group upped their target price on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company initiated coverage on GoDaddy in a research note on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 target price for the company. Finally, B. Riley upped their price target on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $214.86.

Insider Transactions at GoDaddy

In related news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $180.66, for a total value 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 ownership of the stock. 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 the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $194.28, for a total value of $194,280.00. Following the completion of the transaction, the chief operating officer now owns 182,632 shares in the company, valued at approximately $35,481,744.96. This represents a 0.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,500 shares of company stock worth $10,244,835. Insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $187.71 on Thursday. The business’s fifty day moving average price is $177.52 and its two-hundred day moving average price is $188.38. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The stock has a market capitalization of $26.75 billion, a price-to-earnings ratio of 29.10 and a beta of 1.13. GoDaddy Inc. has a fifty-two week low of $133.66 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. GoDaddy’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.76 EPS. As a group, 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.