GoDaddy Inc. (NYSE:GDDY) Position Reduced by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its stake in GoDaddy Inc. (NYSE:GDDY) by 21.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,640 shares of the technology company’s stock after selling 1,239 shares during the period. Wilmington Savings Fund Society FSB’s holdings in GoDaddy were worth $916,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in GoDaddy in the third quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in shares of GoDaddy in the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy during the 4th quarter valued at approximately $43,000. Finally, Huntington National Bank lifted its stake in GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $197.77, for a total value of $98,885.00. Following the sale, the director now directly owns 23,621 shares in the company, valued at $4,671,525.17. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $623,100.00. Following the sale, the chief executive officer now directly owns 330,153 shares of the company’s stock, valued at approximately $68,572,778.10. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,483 shares of company stock worth $4,893,633 over the last ninety days. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GDDY shares. Piper Sandler increased their target price on shares of GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Citigroup increased their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lifted their target price on GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley increased their price target on GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.53.

GoDaddy Trading Up 0.0 %

Shares of NYSE:GDDY opened at $211.47 on Tuesday. The company has a 50 day moving average of $204.17 and a 200-day moving average of $178.19. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The firm has a market cap of $29.69 billion, a P/E ratio of 16.34 and a beta of 1.15. GoDaddy Inc. has a twelve month low of $107.92 and a twelve month high of $216.00.

About GoDaddy

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.