GoDaddy Inc. (NYSE:GDDY) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 58.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,500 shares of the technology company's stock after selling 40,000 shares during the quarter. Two Sigma Advisers LP's holdings in GoDaddy were worth $5,625,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in GoDaddy during the fourth quarter worth about $25,554,000. Mount Yale Investment Advisors LLC lifted its position in shares of GoDaddy by 205.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company's stock worth $1,110,000 after purchasing an additional 3,783 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of GoDaddy by 68.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock worth $243,000 after purchasing an additional 499 shares in the last quarter. Cottonwood Capital Advisors LLC lifted its position in shares of GoDaddy by 98.2% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 3,405 shares of the technology company's stock worth $672,000 after purchasing an additional 1,687 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of GoDaddy during the fourth quarter worth about $262,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reduced their target price on shares of GoDaddy from $230.00 to $225.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Morgan Stanley reduced their target price on shares of GoDaddy from $228.00 to $206.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. B. Riley raised their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Wall Street Zen cut shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and an average price target of $214.86.

GoDaddy Stock Down 0.3%

GoDaddy stock traded down $0.54 during mid-day trading on Friday, hitting $180.16. The company had a trading volume of 152,148 shares, compared to its average volume of 1,478,424. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The stock has a market cap of $25.67 billion, a price-to-earnings ratio of 27.93 and a beta of 1.13. The business has a fifty day moving average of $179.36 and a 200 day moving average of $189.56. GoDaddy Inc. has a 1 year low of $135.73 and a 1 year high of $216.00.

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). The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $2.76 earnings per share. On average, sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total value of $171,750.00. Following the transaction, the chief operating officer now directly owns 256,949 shares in the company, valued at $44,130,990.75. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of the business'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 sale, the chief financial officer now owns 115,375 shares in the company, valued at $20,750,193.75. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,526 shares of company stock worth $10,243,716. Insiders own 0.61% of the company's stock.

GoDaddy Company 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.