Whipplewood Advisors LLC Has $3.50 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Whipplewood Advisors LLC grew its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 2,445.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,425 shares of the technology company's stock after purchasing an additional 18,662 shares during the quarter. GoDaddy makes up approximately 1.1% of Whipplewood Advisors LLC's holdings, making the stock its 18th biggest holding. Whipplewood Advisors LLC's holdings in GoDaddy were worth $3,499,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in GoDaddy during the fourth quarter valued at $25,554,000. Jones Financial Companies Lllp boosted its holdings in shares of GoDaddy by 68.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock valued at $243,000 after buying an additional 499 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of GoDaddy by 16.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company's stock valued at $134,000 after buying an additional 98 shares during the last quarter. LPL Financial LLC raised its stake in GoDaddy by 22.9% during the fourth quarter. LPL Financial LLC now owns 66,109 shares of the technology company's stock worth $13,048,000 after acquiring an additional 12,328 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in GoDaddy during the fourth quarter worth about $220,000. Institutional investors own 90.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GDDY shares. Citigroup decreased their target price on GoDaddy from $260.00 to $234.00 and set a "buy" rating for the company in a research note on Friday, April 25th. B. Riley raised their price target on GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, February 14th. UBS Group upped their price objective on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada dropped their target price on GoDaddy from $230.00 to $225.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and a consensus target price of $214.86.

GoDaddy Price Performance

GDDY stock traded down $2.02 during trading on Thursday, hitting $180.27. The company had a trading volume of 2,105,085 shares, compared to its average volume of 1,479,251. The business has a 50 day moving average of $179.34 and a 200 day moving average of $189.45. The firm has a market capitalization of $25.69 billion, a price-to-earnings ratio of 27.95 and a beta of 1.13. 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 fifty-two week low of $135.73 and a fifty-two week high of $216.00.

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

Insider Buying and Selling

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $539,550.00. Following the sale, the chief executive officer now owns 443,947 shares in the company, valued at $79,843,867.95. The trade was a 0.67% 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, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00. Following the transaction, the chief operating officer now owns 257,949 shares in the company, valued at approximately $44,937,295.29. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,526 shares of company stock valued at $10,248,511 over the last quarter. Corporate 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.