GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Strategic Global Advisors LLC

Strategic Global Advisors LLC increased its stake in GoDaddy Inc. (NYSE:GDDY) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 54,708 shares of the technology company’s stock after purchasing an additional 2,199 shares during the period. GoDaddy comprises 2.0% of Strategic Global Advisors LLC’s holdings, making the stock its 12th largest position. Strategic Global Advisors LLC’s holdings in GoDaddy were worth $10,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in shares of GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 165 shares during the period. OFI Invest Asset Management purchased a new stake in GoDaddy during the 4th quarter valued at about $52,000. Summit Securities Group LLC acquired a new position in shares of GoDaddy in the fourth quarter valued at about $58,000. Physician Wealth Advisors Inc. purchased a new position in shares of GoDaddy in the fourth quarter worth about $67,000. Finally, Global Retirement Partners LLC raised its stake in shares of GoDaddy by 31.1% in the fourth 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. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GDDY. Barclays cut their price target on shares of GoDaddy from $243.00 to $235.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 target price for the company. Morgan Stanley decreased their target price on shares of GoDaddy from $228.00 to $206.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Benchmark reaffirmed a “buy” rating on shares of GoDaddy in a research report on Monday, April 28th. Seven 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $214.86.

Insider Activity at GoDaddy

In related news, CFO Mark Mccaffrey sold 37,500 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $180.95, for a total value of $6,785,625.00. Following the transaction, the chief financial officer now directly owns 77,250 shares of the company’s stock, valued at approximately $13,978,387.50. This trade represents a 32.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $174.21, for a total value of $174,210.00. Following the sale, the chief operating officer now owns 257,949 shares of the company’s stock, valued at approximately $44,937,295.29. This trade represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,500 shares of company stock valued at $10,050,555. 0.61% of the stock is owned by company insiders.

GoDaddy Price Performance

NYSE:GDDY opened at $190.27 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 52 week low of $135.03 and a 52 week high of $216.00. The stock’s 50-day moving average price is $178.47 and its 200-day moving average price is $188.97. The stock has a market capitalization of $27.11 billion, a PE ratio of 29.50 and a beta of 1.13.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 earnings per share. As a group, equities analysts expect 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.