Schonfeld Strategic Advisors LLC Has $15.77 Million Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Schonfeld Strategic Advisors LLC raised its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 155.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,900 shares of the technology company's stock after purchasing an additional 48,615 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.06% of GoDaddy worth $15,770,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quent Capital LLC increased its stake in shares of GoDaddy by 4.4% during the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company's stock valued at $248,000 after acquiring an additional 53 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in shares of GoDaddy by 0.9% in the 4th quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company's stock valued at $1,223,000 after purchasing an additional 55 shares during the last quarter. Lake Street Advisors Group LLC grew its position in GoDaddy by 4.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock valued at $283,000 after acquiring an additional 64 shares during the period. New York Life Investment Management LLC increased its position in GoDaddy by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company's stock worth $3,708,000 after purchasing an additional 71 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in shares of GoDaddy by 1.1% in the fourth quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company's stock worth $1,294,000 after acquiring an additional 74 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $623,100.00. Following the completion of the transaction, the chief executive officer now directly owns 330,153 shares in the company, valued at $68,572,778.10. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total value of $171,750.00. Following the sale, the chief operating officer now directly owns 256,949 shares in the company, valued at approximately $44,130,990.75. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,000 shares of company stock worth $3,518,150. 0.61% of the stock is owned by company insiders.

GoDaddy Stock Performance

GDDY traded down $16.09 during trading on Friday, reaching $176.27. 3,239,351 shares of the company were exchanged, compared to its average volume of 1,479,042. The firm has a 50 day moving average of $176.43 and a 200 day moving average of $187.10. The stock has a market cap of $24.92 billion, a P/E ratio of 27.33 and a beta of 1.19. 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 52 week low of $122.04 and a 52 week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted 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 firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.76 earnings per share. On average, sell-side analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays reduced their price objective on GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. upped their price target on GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Raymond James upped their target price on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group dropped their price target on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday, April 7th. Finally, B. Riley upped their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.93.

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.