GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its position in GoDaddy Inc. (NYSE:GDDY) by 20.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,653 shares of the technology company’s stock after buying an additional 446 shares during the quarter. Apollon Wealth Management LLC’s holdings in GoDaddy were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GDDY. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of GoDaddy by 87.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 191,924 shares of the technology company’s stock valued at $23,049,000 after purchasing an additional 89,316 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of GoDaddy by 143.3% during the first quarter. Intech Investment Management LLC now owns 16,489 shares of the technology company’s stock valued at $1,957,000 after purchasing an additional 9,712 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company’s stock valued at $1,748,603,000 after purchasing an additional 379,228 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of GoDaddy during the first quarter valued at $621,000. Finally, Covestor Ltd lifted its holdings in shares of GoDaddy by 351.6% during the first quarter. Covestor Ltd now owns 718 shares of the technology company’s stock valued at $85,000 after purchasing an additional 559 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY stock opened at $182.92 on Monday. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $25.68 billion, a P/E ratio of 14.14 and a beta of 1.11. The stock’s 50-day moving average is $162.76 and its two-hundred day moving average is $151.21. GoDaddy Inc. has a fifty-two week low of $91.68 and a fifty-two week high of $190.21.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 EPS. Analysts predict that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Nick Daddario sold 684 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $157.23, for a total transaction of $107,545.32. Following the completion of the sale, the chief accounting officer now owns 17,704 shares in the company, valued at $2,783,599.92. This represents a 3.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now owns 24,121 shares of the company’s stock, valued at approximately $4,317,659. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,844 shares of company stock valued at $4,619,397. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

GDDY has been the subject of several analyst reports. Piper Sandler upped their target price on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price target on GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Raymond James upped their price target on GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. Finally, B. Riley upped their price target on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.38.

GoDaddy Company 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.