Seizert Capital Partners LLC Cuts Position in GoDaddy Inc. (NYSE:GDDY)

Seizert Capital Partners LLC reduced its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,548 shares of the technology company's stock after selling 13,329 shares during the quarter. Seizert Capital Partners LLC owned about 0.06% of GoDaddy worth $8,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GDDY. Massmutual Trust Co. FSB ADV grew its holdings in GoDaddy by 140.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company's stock valued at $37,000 after buying an additional 205 shares in the last quarter. Fifth Third Bancorp bought a new stake in GoDaddy in the third quarter worth $43,000. Cary Street Partners Investment Advisory LLC bought a new stake in GoDaddy in the third quarter worth $44,000. UMB Bank n.a. purchased a new stake in GoDaddy during the fourth quarter valued at $50,000. Finally, Tobam bought a new position in GoDaddy during the fourth quarter valued at $60,000. Institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 1.5 %

Shares of NYSE GDDY traded up $1.99 during mid-day trading on Friday, reaching $133.92. The company had a trading volume of 1,077,491 shares, compared to its average volume of 1,307,874. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 11.12 and a beta of 1.09. GoDaddy Inc. has a 52 week low of $69.18 and a 52 week high of $133.98. The business's 50-day moving average is $121.76 and its 200-day moving average is $108.88. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 9.15.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. Equities analysts expect that GoDaddy Inc. will post 4.81 earnings per share for the current year.

Insider Activity

In other news, COO Roger Chen sold 4,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were 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 owns 208,632 shares in the company, valued at approximately $23,806,997.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Roger Chen sold 4,000 shares of GoDaddy 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 transaction, the chief operating officer now directly owns 208,632 shares in the company, valued at approximately $23,806,997.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nick Daddario sold 1,823 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $110.54, for a total value of $201,514.42. Following the sale, the chief accounting officer now owns 25,263 shares of the company's stock, valued at $2,792,572.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,234 shares of company stock worth $14,025,346. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GDDY. Royal Bank of Canada boosted their target price on shares of GoDaddy from $124.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd. Piper Sandler upped their price objective on GoDaddy from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th. Benchmark reiterated a "buy" rating and issued a $150.00 target price on shares of GoDaddy in a report on Wednesday, May 1st. Raymond James started coverage on GoDaddy in a research report on Wednesday, March 27th. They set a "strong-buy" rating and a $150.00 target price on the stock. Finally, UBS Group raised their price target on GoDaddy from $118.00 to $130.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.73.

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.