Greenleaf Trust Buys 126 Shares of GoDaddy Inc. (NYSE:GDDY)

Greenleaf Trust raised its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,708 shares of the technology company’s stock after purchasing an additional 126 shares during the quarter. Greenleaf Trust’s holdings in GoDaddy were worth $732,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy during the 3rd quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy during the 3rd quarter valued at about $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy during the 4th quarter valued at about $43,000. Finally, Huntington National Bank boosted its position in shares of GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the sale, the chief financial officer now owns 84,300 shares of the company’s stock, valued at approximately $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00. Following the completion of the sale, the chief operating officer now directly owns 185,632 shares of the company’s stock, valued at $34,119,161.60. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,483 shares of company stock valued at $4,256,183 over the last ninety days. Insiders own 0.61% of the company’s stock.

GoDaddy Trading Down 1.0 %

GDDY opened at $210.65 on Wednesday. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $29.57 billion, a price-to-earnings ratio of 16.28 and a beta of 1.15. The firm has a 50 day simple moving average of $203.41 and a 200 day simple moving average of $176.82. GoDaddy Inc. has a fifty-two week low of $107.47 and a fifty-two week high of $216.00.

Analysts Set New Price Targets

Several analysts have recently weighed in on GDDY shares. B. Riley lifted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company started coverage on shares of GoDaddy in a research report on Monday. They issued an “equal weight” rating and a $198.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Finally, Piper Sandler boosted their price target on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.07.

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.