GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 30.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,756 shares of the technology company's stock after acquiring an additional 3,936 shares during the quarter. Wealthfront Advisers LLC's holdings in GoDaddy were worth $3,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisors Capital Management LLC raised its holdings in GoDaddy by 0.9% in the fourth quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company's stock worth $1,223,000 after purchasing an additional 55 shares in the last quarter. BNP Paribas increased its holdings in GoDaddy by 2.9% in the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after buying an additional 59 shares in the last quarter. City Holding Co. increased its holdings in GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock worth $47,000 after buying an additional 60 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in GoDaddy by 0.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock valued at $1,435,000 after purchasing an additional 67 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in GoDaddy by 4.1% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,793 shares of the technology company's stock worth $344,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Stock Up 0.3%

NYSE GDDY traded up $0.51 during trading on Friday, hitting $168.80. The company's stock had a trading volume of 1,272,037 shares, compared to its average volume of 1,344,198. The company has a debt-to-equity ratio of 18.91, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $24.05 billion, a PE ratio of 32.46 and a beta of 1.05. The business's 50 day simple moving average is $178.96 and its 200-day simple moving average is $183.72. GoDaddy Inc. has a fifty-two week low of $140.11 and a fifty-two week high of $216.00.

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

Analyst Upgrades and Downgrades

GDDY has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price objective on GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Citigroup cut their target price on GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays cut their target price on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Benchmark reissued a "buy" rating on shares of GoDaddy in a research report on Monday, April 28th. Finally, Piper Sandler boosted their target price on GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a research report 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 stock. According to MarketBeat, GoDaddy currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.86.

Insider Transactions at GoDaddy

In related news, CAO Phontip Palitwanon sold 2,173 shares of GoDaddy stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total transaction of $386,511.51. Following the transaction, the chief accounting officer owned 21,198 shares in the company, valued at approximately $3,770,488.26. This trade represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $175.96, for a total value of $175,960.00. Following the transaction, the chief operating officer owned 254,949 shares in the company, valued at approximately $44,860,826.04. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,757 shares of company stock worth $12,243,920. 0.61% of the stock is owned by insiders.

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.