Sequoia Financial Advisors LLC Takes $773,000 Position in GoDaddy Inc. (NYSE:GDDY)

Sequoia Financial Advisors LLC bought a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 7,281 shares of the technology company's stock, valued at approximately $773,000.

Other hedge funds have also made changes to their positions in the company. Tobam bought a new position in shares of GoDaddy in the 4th quarter valued at about $60,000. International Assets Investment Management LLC acquired a new stake in GoDaddy during the 4th quarter worth approximately $1,972,000. Bleakley Financial Group LLC raised its holdings in shares of GoDaddy by 5.5% in the fourth quarter. Bleakley Financial Group LLC now owns 16,702 shares of the technology company's stock valued at $1,773,000 after purchasing an additional 878 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of GoDaddy by 488.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,434 shares of the technology company's stock valued at $2,063,000 after purchasing an additional 16,134 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of GoDaddy by 11.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 18,164 shares of the technology company's stock valued at $1,906,000 after purchasing an additional 1,838 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Activity at GoDaddy

In related news, COO Roger Chen sold 4,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $114.11, for a total value of $456,440.00. Following the completion of the sale, the chief operating officer now directly owns 208,632 shares of the company's stock, valued at approximately $23,806,997.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Mark Mccaffrey sold 624 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the completion of the sale, the chief financial officer now directly owns 116,328 shares of the company's stock, valued at approximately $14,055,912.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Roger Chen sold 4,000 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $114.11, for a total value of $456,440.00. Following the sale, the chief operating officer now directly owns 208,632 shares of the company's stock, valued at $23,806,997.52. The disclosure for this sale can be found here. In the last three months, insiders sold 121,234 shares of company stock valued at $13,534,946. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on GDDY. UBS Group lifted their price objective on shares of GoDaddy from $110.00 to $118.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. StockNews.com raised shares of GoDaddy from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 14th. Evercore ISI cut shares of GoDaddy from an "outperform" rating to an "in-line" rating and lifted their price objective for the stock from $100.00 to $110.00 in a research report on Wednesday, February 14th. Barclays lifted their price objective on shares of GoDaddy from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 20th. Finally, Raymond James started coverage on shares of GoDaddy in a research report on Wednesday, March 27th. They set a "strong-buy" rating and a $150.00 price objective for the company. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $135.18.

GoDaddy Trading Up 1.5 %

Shares of GoDaddy stock traded up $1.78 on Tuesday, reaching $123.20. 1,085,826 shares of the company's stock were exchanged, compared to its average volume of 1,492,420. The company has a market capitalization of $17.55 billion, a P/E ratio of 12.87 and a beta of 1.12. GoDaddy Inc. has a 52 week low of $67.43 and a 52 week high of $127.15. The firm's 50-day moving average is $116.78 and its two-hundred day moving average is $102.12. The company has a debt-to-equity ratio of 61.07, a quick ratio of 0.47 and a current ratio of 0.47.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.05. GoDaddy had a negative return on equity of 89.25% and a net margin of 32.74%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. Sell-side analysts predict that GoDaddy Inc. will post 4.76 EPS for the current fiscal year.

GoDaddy 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.