Carolina Wealth Advisors LLC Has $974,000 Stake in GoDaddy Inc. (NYSE:GDDY)

Carolina Wealth Advisors LLC boosted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 291.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,405 shares of the technology company's stock after acquiring an additional 4,024 shares during the quarter. Carolina Wealth Advisors LLC's holdings in GoDaddy were worth $974,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GDDY. Rakuten Securities Inc. raised its holdings in shares of GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after purchasing an additional 165 shares during the period. City Holding Co. raised its holdings in shares of GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock valued at $47,000 after purchasing an additional 60 shares during the period. OFI Invest Asset Management bought a new stake in shares of GoDaddy in the 4th quarter valued at about $52,000. Crewe Advisors LLC bought a new stake in shares of GoDaddy in the 1st quarter valued at about $53,000. Finally, Summit Securities Group LLC bought a new stake in shares of GoDaddy in the 4th quarter valued at about $58,000. 90.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Morgan Stanley decreased their price target on shares of GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Barclays decreased their price target on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $214.86.

GoDaddy Stock Performance

Shares of NYSE:GDDY traded up $3.00 on Friday, reaching $180.19. 1,866,062 shares of the company's stock were exchanged, compared to its average volume of 1,334,529. The company has a fifty day moving average of $181.41 and a 200-day moving average of $186.77. GoDaddy Inc. has a twelve month low of $138.48 and a twelve month high of $216.00. The company has a market capitalization of $25.67 billion, a price-to-earnings ratio of 34.65 and a beta of 1.07. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 18.91.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company earned $2.76 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In other news, CFO Mark Mccaffrey sold 37,500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $180.95, for a total value of $6,785,625.00. Following the completion of the transaction, the chief financial officer now owns 77,250 shares of the company's stock, valued at approximately $13,978,387.50. This represents a 32.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $539,550.00. Following the completion of the transaction, the chief executive officer now directly owns 443,947 shares of the company's stock, valued at $79,843,867.95. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,632 shares of company stock valued at $12,602,635. Company insiders own 0.61% of the company's stock.

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.