Dimensional Fund Advisors LP Increases Position in GoDaddy Inc. (NYSE:GDDY)

Dimensional Fund Advisors LP increased its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,025,719 shares of the technology company's stock after acquiring an additional 54,288 shares during the quarter. Dimensional Fund Advisors LP owned about 0.73% of GoDaddy worth $202,465,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GDDY. Barclays PLC boosted its stake in shares of GoDaddy by 28.7% in the 3rd quarter. Barclays PLC now owns 447,425 shares of the technology company's stock valued at $70,147,000 after purchasing an additional 99,734 shares during the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in GoDaddy by 86.8% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 15,012 shares of the technology company's stock valued at $2,340,000 after acquiring an additional 6,974 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in GoDaddy during the 3rd quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of GoDaddy in the 3rd quarter worth about $922,000. Finally, Tidal Investments LLC lifted its stake in shares of GoDaddy by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 18,643 shares of the technology company's stock valued at $2,923,000 after purchasing an additional 5,205 shares during the period. 90.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $89,925.00. Following the sale, the director now owns 21,621 shares of the company's stock, valued at $3,888,536.85. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total value of $171,750.00. Following the transaction, the chief operating officer now directly owns 256,949 shares of the company's stock, valued at $44,130,990.75. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $3,518,150 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on GDDY. Barclays raised their target price on GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Raymond James lifted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company 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 stock a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company initiated coverage on shares of GoDaddy in a research note on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target for the company. Finally, UBS Group increased their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and an average price target of $209.60.

GoDaddy Stock Up 0.3 %

GDDY traded up $0.61 during mid-day trading on Monday, reaching $184.01. 219,734 shares of the stock were exchanged, compared to its average volume of 1,467,907. The company has a 50 day moving average price of $175.36 and a two-hundred day moving average price of $186.73. The stock has a market capitalization of $26.01 billion, a PE ratio of 28.54 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. 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 released its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

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.