2,340 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Allianz SE

Allianz SE purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,340 shares of the technology company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in GoDaddy in the 4th quarter worth about $25,554,000. CWA Asset Management Group LLC raised its stake in shares of GoDaddy by 29.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after purchasing an additional 3,631 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of GoDaddy during the fourth quarter valued at about $1,045,000. Mount Yale Investment Advisors LLC lifted its holdings in shares of GoDaddy by 205.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after buying an additional 3,783 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after acquiring an additional 499 shares during the period. Institutional investors own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GDDY. JPMorgan Chase & Co. increased their price objective on GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup lifted their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Benchmark upped their target price on GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays increased their target price on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group upped their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

GoDaddy Stock Down 2.1 %

NYSE GDDY opened at $178.89 on Monday. The stock has a market cap of $25.29 billion, a PE ratio of 27.73 and a beta of 1.25. 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 12 month low of $118.39 and a 12 month high of $216.00. The stock’s 50 day moving average is $189.80 and its 200 day moving average is $184.41.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion for 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%. Research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Activity

In other news, CFO Mark Mccaffrey sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the sale, the chief financial officer now directly owns 84,300 shares in the company, valued at $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total transaction of $200,570.00. Following the transaction, the chief operating officer now owns 183,632 shares of the company’s stock, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,480 shares of company stock worth $3,816,029. Corporate insiders own 0.61% of the company’s stock.

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.