GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC lifted its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 291.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,405 shares of the technology company's stock after buying an additional 4,024 shares during the period. Carolina Wealth Advisors LLC's holdings in GoDaddy were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of GoDaddy in the fourth quarter worth approximately $356,038,000. Assenagon Asset Management S.A. raised its holdings in GoDaddy by 1,412.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock valued at $242,727,000 after acquiring an additional 1,258,324 shares during the period. Canada Pension Plan Investment Board raised its holdings in GoDaddy by 107.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock valued at $273,582,000 after acquiring an additional 719,000 shares during the period. GAMMA Investing LLC lifted its position in shares of GoDaddy by 18,248.7% in the first quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock valued at $92,516,000 after acquiring an additional 510,780 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of GoDaddy by 88.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,082,381 shares of the technology company's stock worth $213,630,000 after acquiring an additional 507,374 shares during the period. Institutional investors own 90.28% of the company's stock.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total transaction of $171,750.00. Following the transaction, the chief operating officer directly owned 256,949 shares in the company, valued at $44,130,990.75. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Mccaffrey sold 37,500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $180.95, for a total transaction of $6,785,625.00. Following the sale, the chief financial officer directly owned 77,250 shares in the company, valued at approximately $13,978,387.50. This represents a 32.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,632 shares of company stock worth $10,983,985 over the last quarter. 0.61% of the stock is owned by corporate insiders.

GoDaddy Trading Down 0.9%

Shares of NYSE GDDY traded down $1.69 during midday trading on Tuesday, hitting $178.37. The company's stock had a trading volume of 1,265,312 shares, compared to its average volume of 1,334,858. GoDaddy Inc. has a 12-month low of $138.48 and a 12-month high of $216.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 18.91. The firm has a market cap of $25.42 billion, a P/E ratio of 34.30 and a beta of 1.07. The business's 50 day moving average is $181.70 and its two-hundred day moving average is $186.59.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a net margin of 16.20% and a return on equity of 211.09%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the firm earned $2.76 earnings per share. GoDaddy's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $225.00 target price on shares of GoDaddy in a research note on Monday, June 23rd. Citigroup lowered their target price on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. raised their target price on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley dropped their price objective on shares of GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $214.86.

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.