Monument Capital Management Purchases 639 Shares of GoDaddy Inc. (NYSE:GDDY)

Monument Capital Management grew its position in GoDaddy Inc. (NYSE:GDDY) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,584 shares of the technology company’s stock after buying an additional 639 shares during the quarter. GoDaddy accounts for approximately 1.1% of Monument Capital Management’s investment portfolio, making the stock its 26th biggest holding. Monument Capital Management’s holdings in GoDaddy were worth $3,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quent Capital LLC lifted its stake in GoDaddy by 4.4% in the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock valued at $248,000 after acquiring an additional 53 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of GoDaddy by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock worth $2,837,000 after purchasing an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in GoDaddy by 4.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after purchasing an additional 73 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in GoDaddy by 13.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company’s stock valued at $146,000 after purchasing an additional 88 shares in the last quarter. Finally, Avestar Capital LLC increased its stake in GoDaddy by 4.5% in the 4th quarter. Avestar Capital LLC now owns 2,206 shares of the technology company’s stock valued at $435,000 after buying an additional 96 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $182.58 on Monday. The business has a fifty day moving average price of $204.20 and a two-hundred day moving average price of $180.30. The stock has a market capitalization of $25.63 billion, a PE ratio of 14.11 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. GoDaddy Inc. has a fifty-two week low of $108.02 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. As a group, equities analysts predict that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mark Mccaffrey sold 2,678 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $526,601.92. Following the completion of the transaction, the chief financial officer now directly owns 89,800 shares in the company, valued at $17,658,272. This represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Phontip Palitwanon sold 770 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the transaction, the chief accounting officer now directly owns 23,059 shares of the company’s stock, valued at approximately $4,534,321.76. The trade was a 3.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,482 shares of company stock worth $4,709,650. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GDDY has been the subject of several analyst reports. B. Riley raised their price objective on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company assumed coverage on GoDaddy in a research note on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective on the stock. UBS Group raised their target price on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday. StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group increased their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Six 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

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.