GoDaddy Inc. (NYSE:GDDY) Position Boosted by Savant Capital LLC

Savant Capital LLC lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,805 shares of the technology company’s stock after purchasing an additional 60 shares during the period. Savant Capital LLC’s holdings in GoDaddy were worth $6,869,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GDDY. Ashton Thomas Securities LLC acquired a new stake in GoDaddy during the third quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in GoDaddy during the third quarter worth about $30,000. Anchor Investment Management LLC acquired a new stake in GoDaddy during the third quarter worth about $31,000. Versant Capital Management Inc acquired a new stake in GoDaddy during the fourth quarter worth about $43,000. Finally, Friedenthal Financial acquired a new stake in GoDaddy during the fourth quarter worth about $49,000. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling

In related news, COO Roger Chen sold 1,000 shares of the firm’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 in the company, valued at approximately $34,119,161.60. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $197.77, for a total transaction of $98,885.00. Following the sale, the director now owns 23,621 shares of the company’s stock, valued at $4,671,525.17. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,483 shares of company stock worth $4,893,633. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 0.0 %

GoDaddy stock opened at $211.47 on Tuesday. The firm has a 50 day simple moving average of $204.17 and a 200-day simple moving average of $178.19. 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 stock has a market capitalization of $29.69 billion, a PE ratio of 16.34 and a beta of 1.15. GoDaddy Inc. has a 12-month low of $107.92 and a 12-month high of $216.00.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GDDY shares. Morgan Stanley increased their price objective on shares of GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Raymond James increased their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup raised their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Piper Sandler raised their price target on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Six research 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. Based on data from MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and an average price target of $198.53.

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.