Fiduciary Alliance LLC Makes New $1.05 Million Investment in GoDaddy Inc. (NYSE:GDDY)

Fiduciary Alliance LLC purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,295 shares of the technology company’s stock, valued at approximately $1,045,000.

Several other large investors have also recently modified their holdings of GDDY. Fiera Capital Corp lifted its position in GoDaddy by 1.6% in the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock valued at $115,725,000 after acquiring an additional 13,206 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of GoDaddy during the second quarter valued at $213,000. Choreo LLC bought a new stake in GoDaddy in the 2nd quarter worth about $205,000. American Century Companies Inc. raised its position in GoDaddy by 374.3% in the 2nd quarter. American Century Companies Inc. now owns 150,451 shares of the technology company’s stock worth $21,020,000 after buying an additional 118,731 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in GoDaddy by 31.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 47,022 shares of the technology company’s stock valued at $6,652,000 after acquiring an additional 11,368 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

NYSE GDDY opened at $193.46 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a twelve month low of $103.64 and a twelve month high of $211.11. The business has a 50-day moving average price of $196.82 and a 200-day moving average price of $169.76. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 14.95 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. As a group, equities research analysts predict that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Insider Activity at GoDaddy

In related news, CAO Phontip Palitwanon sold 770 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $151,412.80. Following the sale, the chief accounting officer now owns 23,059 shares in the company, valued at approximately $4,534,321.76. The trade was a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the transaction, the chief operating officer now owns 184,632 shares of the company’s stock, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,003 shares of company stock valued at $4,462,363. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GDDY shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. B. Riley boosted their price target on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley increased their price target on shares of GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Benchmark boosted their price objective on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.14.

GoDaddy Company 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.