3,341 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by City National Bank of Florida MSD

City National Bank of Florida MSD purchased a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,341 shares of the technology company's stock, valued at approximately $659,000.

A number of other large investors have also recently bought and sold shares of GDDY. Barclays PLC grew its position in GoDaddy by 28.7% in the third quarter. Barclays PLC now owns 447,425 shares of the technology company's stock valued at $70,147,000 after acquiring an additional 99,734 shares during the period. Merit Financial Group LLC bought a new stake in GoDaddy in the fourth quarter valued at $290,000. Arkadios Wealth Advisors grew its position in GoDaddy by 45.7% in the fourth quarter. Arkadios Wealth Advisors now owns 1,919 shares of the technology company's stock valued at $379,000 after acquiring an additional 602 shares during the period. HB Wealth Management LLC grew its holdings in shares of GoDaddy by 53.2% during the fourth quarter. HB Wealth Management LLC now owns 2,745 shares of the technology company's stock worth $542,000 after purchasing an additional 953 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of GoDaddy during the fourth quarter worth $271,000. 90.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on GDDY. Jefferies Financial Group decreased their target price on GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. increased their target price on GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wells Fargo & Company began coverage on GoDaddy in a report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 target price on the stock. Benchmark restated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Finally, Wall Street Zen cut GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $214.86.

GoDaddy Trading Down 0.6%

Shares of GDDY traded down $1.16 during trading hours on Friday, hitting $182.81. 880,082 shares of the stock traded hands, compared to its average volume of 1,487,199. 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 1-year low of $135.73 and a 1-year high of $216.00. The firm has a market capitalization of $26.05 billion, a PE ratio of 28.34 and a beta of 1.13. The business has a fifty day moving average of $179.43 and a 200-day moving average of $189.59.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $2.76 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Buying and Selling at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.86, for a total transaction of $572,580.00. Following the sale, the chief executive officer now owns 440,947 shares of the company's stock, valued at $84,159,144.42. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 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 $989,175.00. Following the sale, the chief financial officer now directly owns 115,375 shares in the company, valued at approximately $20,750,193.75. This represents a 4.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,526 shares of company stock valued at $10,243,716. 0.61% of the stock is currently owned by company insiders.

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.