GoDaddy Inc. (NYSE:GDDY) Stake Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363,592 shares of the technology company's stock after selling 5,101 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.97% of GoDaddy worth $269,132,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of GoDaddy by 28.7% in the third quarter. Barclays PLC now owns 447,425 shares of the technology company's stock worth $70,147,000 after purchasing an additional 99,734 shares in the last quarter. Merit Financial Group LLC acquired a new stake in GoDaddy in the fourth quarter worth about $290,000. Arkadios Wealth Advisors grew its position in GoDaddy by 45.7% in the 4th quarter. Arkadios Wealth Advisors now owns 1,919 shares of the technology company's stock valued at $379,000 after buying an additional 602 shares in the last quarter. HB Wealth Management LLC increased its stake in GoDaddy by 53.2% during the 4th quarter. HB Wealth Management LLC now owns 2,745 shares of the technology company's stock valued at $542,000 after buying an additional 953 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of GoDaddy during the 4th quarter worth about $271,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $188.21, for a total transaction of $188,210.00. Following the completion of the sale, the chief operating officer now owns 255,949 shares of the company's stock, valued at $48,172,161.29. This trade represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $989,175.00. Following the completion of the transaction, the chief financial officer now directly owns 115,375 shares in the company, valued at $20,750,193.75. This trade represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,526 shares of company stock worth $10,243,716 over the last quarter. Corporate insiders own 0.61% of the company's stock.

GoDaddy Stock Performance

Shares of GDDY opened at $183.49 on Thursday. GoDaddy Inc. has a one year low of $135.73 and a one year high of $216.00. The company has a 50-day moving average of $179.25 and a two-hundred day moving average of $189.26. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 28.45 and a beta of 1.13.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. increased their price target on GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wells Fargo & Company started coverage on GoDaddy in a research note on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price objective on the stock. Piper Sandler raised their target price on GoDaddy from $177.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered their target price on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average 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.

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