GoDaddy Inc. (NYSE:GDDY) Shares Purchased by GDS Wealth Management

GDS Wealth Management increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 252.2% during the fourth quarter, HoldingsChannel reports. The fund owned 9,824 shares of the technology company’s stock after buying an additional 7,035 shares during the period. GDS Wealth Management’s holdings in GoDaddy were worth $1,939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDDY. Wedge Capital Management L L P NC grew its holdings in GoDaddy by 2,279.5% during the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company’s stock worth $62,908,000 after acquiring an additional 384,386 shares during the period. Mizuho Securities USA LLC grew its holdings in GoDaddy by 3,227.3% during the third quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock worth $56,709,000 after acquiring an additional 350,839 shares during the period. FMR LLC grew its holdings in GoDaddy by 19.8% during the third quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock worth $260,299,000 after acquiring an additional 274,014 shares during the period. Intech Investment Management LLC grew its holdings in GoDaddy by 498.7% in the third quarter. Intech Investment Management LLC now owns 253,367 shares of the technology company’s stock valued at $39,723,000 after purchasing an additional 211,051 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in GoDaddy by 17.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company’s stock valued at $214,584,000 after purchasing an additional 203,909 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Up 0.0 %

GDDY stock opened at $212.65 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. The company has a market cap of $29.85 billion, a price-to-earnings ratio of 16.43 and a beta of 1.15. The business has a fifty day simple moving average of $202.89 and a 200-day simple moving average of $175.88. GoDaddy Inc. has a 52 week low of $107.47 and a 52 week high of $216.00.

Insider Buying and Selling

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the transaction, the director now directly owns 24,121 shares of the company’s stock, valued at approximately $4,317,659. This trade represents a 2.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $201.29, for a total value of $96,619.20. Following the completion of the transaction, the chief financial officer now directly owns 83,254 shares in the company, valued at $16,758,197.66. This trade represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,483 shares of company stock valued at $4,256,183. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GDDY has been the topic of several research reports. Piper Sandler upped their target price on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Robert W. Baird upped their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Citigroup upped their target price on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and an average price target of $198.07.

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.