9,481 GoDaddy Inc. $GDDY Shares Purchased by Brighton Jones LLC

Brighton Jones LLC grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 68.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,260 shares of the technology company’s stock after acquiring an additional 9,481 shares during the quarter. Brighton Jones LLC’s holdings in GoDaddy were worth $2,222,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Motley Fool Asset Management LLC boosted its stake in shares of GoDaddy by 2.5% in the 3rd quarter. Motley Fool Asset Management LLC now owns 4,073 shares of the technology company’s stock valued at $389,000 after purchasing an additional 98 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of GoDaddy by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,318 shares of the technology company’s stock valued at $357,000 after purchasing an additional 147 shares during the last quarter. Greenleaf Trust grew its holdings in shares of GoDaddy by 4.9% during the 3rd quarter. Greenleaf Trust now owns 3,348 shares of the technology company’s stock valued at $320,000 after purchasing an additional 157 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of GoDaddy by 34.7% during the 3rd quarter. Mather Group LLC. now owns 811 shares of the technology company’s stock valued at $77,000 after purchasing an additional 209 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GDDY shares. Piper Sandler reiterated a “neutral” rating and issued a $95.00 target price (up from $93.00) on shares of GoDaddy in a research report on Friday, July 31st. Weiss Ratings upgraded shares of GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. William Blair lowered shares of GoDaddy from an “outperform” rating to a “market perform” rating in a research report on Friday, July 31st. Cantor Fitzgerald raised their price objective on GoDaddy from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded GoDaddy to a “buy” rating in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.62.

GoDaddy Stock Performance

Shares of GDDY stock opened at $111.55 on Tuesday. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.61. GoDaddy Inc. has a fifty-two week low of $71.59 and a fifty-two week high of $133.34. The stock has a 50 day moving average price of $103.58 and a two-hundred day moving average price of $92.43. The company has a market capitalization of $14.13 billion, a P/E ratio of 15.26 and a beta of 0.94.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, October 29th. The technology company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.18. GoDaddy had a return on equity of 1,200.87% and a net margin of 18.56%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts expect that GoDaddy Inc. will post 7.48 earnings per share for the current year.

Insider Activity at GoDaddy

In other news, CFO Mark McCaffrey sold 5,873 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $100.91, for a total value of $592,644.43. Following the sale, the chief financial officer directly owned 99,855 shares of the company’s stock, valued at $10,076,368.05. The trade was a 5.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Leah Sweet sold 325 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total value of $31,668.00. Following the sale, the director owned 13,689 shares in the company, valued at approximately $1,333,856.16. This represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,097 shares of company stock valued at $2,980,173 in the last quarter. 0.93% of the stock is currently owned by company insiders.

GoDaddy Company Profile