GeoWealth Management LLC Takes $343,000 Position in GoDaddy Inc. (NYSE:GDDY)

GeoWealth Management LLC acquired a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,738 shares of the technology company's stock, valued at approximately $343,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. 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 buying an additional 53 shares in the last quarter. Advisors Capital Management LLC grew its position in GoDaddy by 0.9% in the fourth quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company's stock worth $1,223,000 after acquiring an additional 55 shares during the period. Lake Street Advisors Group LLC increased its position in shares of GoDaddy by 4.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock worth $283,000 after purchasing an additional 64 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of GoDaddy by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company's stock worth $3,708,000 after acquiring an additional 71 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of GoDaddy by 1.1% during the fourth quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company's stock worth $1,294,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 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 value of $103,850.00. Following the completion of the sale, the director now owns 22,621 shares of the company's stock, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $194.28, for a total transaction of $194,280.00. Following the completion of the transaction, the chief operating officer now owns 182,632 shares in the company, valued at $35,481,744.96. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,000 shares of company stock worth $3,518,150. 0.61% of the stock is currently owned by company insiders.

GoDaddy Trading Up 1.7 %

Shares of GoDaddy stock traded up $3.02 during mid-day trading on Friday, hitting $183.44. 1,223,605 shares of the stock were exchanged, compared to its average volume of 1,472,873. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 28.44 and a beta of 1.19. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a twelve month low of $120.59 and a twelve month high of $216.00. The company has a 50-day simple moving average of $175.36 and a 200 day simple moving average of $186.73.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. Research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analyst Weigh In

GDDY has been the topic of several recent research reports. Raymond James upped their target price 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. Benchmark increased their target price on shares of GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. B. Riley lifted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. StockNews.com downgraded GoDaddy from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Finally, UBS Group increased their price target on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.60.

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.