Soros Capital Management LLC Lowers Holdings in GoDaddy Inc. (NYSE:GDDY)

Soros Capital Management LLC lowered its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,795 shares of the technology company's stock after selling 6,967 shares during the quarter. Soros Capital Management LLC's holdings in GoDaddy were worth $3,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Anchor Investment Management LLC purchased a new position in GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc purchased a new position in GoDaddy in the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. grew its holdings in GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after purchasing an additional 165 shares during the period. Friedenthal Financial purchased a new stake in GoDaddy in the fourth quarter worth $49,000. Finally, OFI Invest Asset Management bought a new stake in shares of GoDaddy in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Transactions at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $989,175.00. Following the sale, the chief financial officer now directly owns 115,375 shares in the company, valued at $20,750,193.75. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the transaction, the director now owns 22,621 shares of the company's stock, valued at approximately $4,698,381.70. This trade represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,000 shares of company stock worth $3,518,150. 0.61% of the stock is currently owned by insiders.

GoDaddy Trading Up 1.7 %

GDDY stock traded up $3.02 during trading on Friday, hitting $183.44. 1,223,605 shares of the company traded hands, compared to its average volume of 1,470,964. The company has a 50-day moving average of $175.36 and a 200-day moving average of $186.38. 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 1 year low of $120.59 and a 1 year high of $216.00. The firm has a market capitalization of $25.93 billion, a PE ratio of 28.44 and a beta of 1.19.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on GoDaddy from $228.00 to $206.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. B. Riley boosted their price target 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. Wells Fargo & Company started coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price objective for the company. StockNews.com cut shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Finally, Raymond James raised their price target on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.60.

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.