GoDaddy Inc. (NYSE:GDDY) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its position in shares of GoDaddy Inc. (NYSE:GDDY) by 15.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,122 shares of the technology company’s stock after selling 4,264 shares during the period. Seizert Capital Partners LLC’s holdings in GoDaddy were worth $4,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of GoDaddy by 11.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company’s stock valued at $751,778,000 after acquiring an additional 395,160 shares in the last quarter. Geode Capital Management LLC raised its position in shares of GoDaddy by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 3,514,432 shares of the technology company’s stock valued at $692,245,000 after acquiring an additional 90,810 shares in the last quarter. WCM Investment Management LLC raised its position in shares of GoDaddy by 2.0% during the 1st quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company’s stock valued at $620,931,000 after acquiring an additional 67,152 shares in the last quarter. Invesco Ltd. raised its position in shares of GoDaddy by 11.6% during the 4th quarter. Invesco Ltd. now owns 2,913,930 shares of the technology company’s stock valued at $575,122,000 after acquiring an additional 304,033 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of GoDaddy by 8.8% during the 4th quarter. Northern Trust Corp now owns 1,430,180 shares of the technology company’s stock valued at $282,275,000 after acquiring an additional 115,341 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Trading Down 0.6%

NYSE:GDDY opened at $164.98 on Wednesday. GoDaddy Inc. has a 1 year low of $140.51 and a 1 year high of $216.00. The stock has a market cap of $23.51 billion, a price-to-earnings ratio of 31.73 and a beta of 1.05. The business has a fifty day moving average of $175.91 and a 200-day moving average of $182.24. The company has a debt-to-equity ratio of 18.91, a quick ratio of 0.56 and a current ratio of 0.56.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $2.76 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GDDY. Piper Sandler upped their price objective on GoDaddy from $177.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Wall Street Zen downgraded GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Barclays lowered their price objective on GoDaddy from $243.00 to $235.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $225.00 price objective on shares of GoDaddy in a research note on Monday, June 23rd. Finally, Citigroup lowered their price objective on GoDaddy from $260.00 to $234.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.86.

Insiders Place Their Bets

In other news, CAO Phontip Palitwanon sold 2,173 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total value of $386,511.51. Following the completion of the sale, the chief accounting officer owned 21,198 shares in the company, valued at $3,770,488.26. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the company’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $176.93, for a total value of $1,061,580.00. Following the completion of the sale, the chief executive officer owned 425,015 shares of the company’s stock, valued at approximately $75,197,903.95. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,757 shares of company stock valued at $12,243,920. 0.61% of the stock is currently owned by insiders.

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.