Barclays PLC Cuts Holdings in GoDaddy Inc. (NYSE:GDDY)

Barclays PLC trimmed its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 51.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,143 shares of the technology company's stock after selling 232,282 shares during the period. Barclays PLC owned 0.15% of GoDaddy worth $42,462,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GDDY. Anchor Investment Management LLC purchased a new position in shares of GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc purchased a new position in GoDaddy in the 4th quarter worth approximately $43,000. Rakuten Securities Inc. boosted its stake in GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock worth $43,000 after purchasing an additional 165 shares during the period. Friedenthal Financial purchased a new stake in GoDaddy during the 4th quarter valued at approximately $49,000. Finally, OFI Invest Asset Management bought a new stake in shares of GoDaddy during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 4.6 %

Shares of GDDY traded up $7.84 during midday trading on Wednesday, hitting $178.03. The stock had a trading volume of 338,355 shares, compared to its average volume of 1,464,542. The stock's 50 day moving average is $175.43 and its 200 day moving average is $186.10. The firm has a market cap of $25.17 billion, a PE ratio of 27.60 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. GoDaddy Inc. has a 1 year low of $120.59 and a 1 year high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data 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). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. As a group, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total value of $171,750.00. Following the completion of the sale, the chief operating officer now owns 256,949 shares in the company, valued at approximately $44,130,990.75. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the transaction, the director now owns 22,621 shares in the company, valued at $4,698,381.70. The trade was a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,000 shares of company stock worth $3,518,150. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup increased their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a report on Friday, January 3rd. UBS Group lifted their target price on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Wells Fargo & Company began coverage on GoDaddy in a research note on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price target for the company. Finally, Raymond James lifted their price objective on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $210.73.

GoDaddy 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.