GoDaddy Inc. (NYSE:GDDY) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 670,216 shares of the technology company's stock after selling 56,513 shares during the quarter. First Trust Advisors LP owned approximately 0.48% of GoDaddy worth $132,280,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GeoWealth Management LLC purchased a new position in GoDaddy during the 4th quarter worth approximately $343,000. Brant Point Investment Management LLC grew its holdings in shares of GoDaddy by 26.4% during the fourth quarter. Brant Point Investment Management LLC now owns 44,363 shares of the technology company's stock worth $8,756,000 after buying an additional 9,263 shares during the last quarter. Capital International Ltd. CA raised its stake in GoDaddy by 3.1% during the 4th quarter. Capital International Ltd. CA now owns 54,819 shares of the technology company's stock valued at $10,820,000 after acquiring an additional 1,667 shares during the last quarter. Capital Group Investment Management PTE. LTD. lifted its position in GoDaddy by 6.2% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 12,210 shares of the technology company's stock worth $2,410,000 after acquiring an additional 718 shares during the period. Finally, Capital International Sarl grew its stake in shares of GoDaddy by 7.1% in the 4th quarter. Capital International Sarl now owns 77,682 shares of the technology company's stock valued at $15,332,000 after purchasing an additional 5,144 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Stock Up 1.7 %

Shares of GDDY stock traded up $3.06 during trading hours on Friday, reaching $183.48. The company had a trading volume of 535,227 shares, compared to its average volume of 1,467,594. The company has a market capitalization of $25.94 billion, a P/E ratio of 28.44 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a twelve month low of $120.59 and a twelve month high of $216.00. The stock's fifty day simple moving average is $175.31 and its 200 day simple moving average is $186.22.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GDDY has been the topic of a number of analyst reports. StockNews.com lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Raymond James increased their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 21st. Jefferies Financial Group decreased their price objective on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a report on Monday, April 7th. B. Riley upped their target price on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company initiated coverage on shares of GoDaddy in a research note on Monday, February 3rd. They set an "equal weight" rating and a $198.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of "Moderate Buy" and a consensus target price of $209.60.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $989,175.00. Following the completion of the sale, the chief financial officer now owns 115,375 shares of the company's stock, valued at $20,750,193.75. This represents a 4.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total transaction of $171,750.00. Following the sale, the chief operating officer now owns 256,949 shares in the company, valued at approximately $44,130,990.75. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock valued at $3,518,150 in the last three months. Corporate insiders own 0.61% of the company's stock.

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.