Mount Yale Investment Advisors LLC Acquires Shares of 1,843 GoDaddy Inc. (NYSE:GDDY)

Mount Yale Investment Advisors LLC bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the third quarter, Holdings Channel.com reports. The fund bought 1,843 shares of the technology company’s stock, valued at approximately $289,000.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in GoDaddy by 60.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,459 shares of the technology company’s stock worth $529,000 after buying an additional 1,678 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of GoDaddy by 19.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 9,608 shares of the technology company’s stock worth $1,140,000 after acquiring an additional 1,588 shares in the last quarter. Diversified Trust Co lifted its position in GoDaddy by 35.2% in the 1st quarter. Diversified Trust Co now owns 3,515 shares of the technology company’s stock valued at $417,000 after acquiring an additional 916 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in GoDaddy by 866.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,335 shares of the technology company’s stock valued at $1,227,000 after purchasing an additional 9,266 shares during the last quarter. Finally, MV Capital Management Inc. increased its holdings in GoDaddy by 742.2% during the 1st quarter. MV Capital Management Inc. now owns 859 shares of the technology company’s stock worth $102,000 after purchasing an additional 757 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Stock Down 0.6 %

Shares of NYSE GDDY opened at $160.53 on Monday. The company has a debt-to-equity ratio of 24.13, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $22.63 billion, a PE ratio of 12.83 and a beta of 1.12. GoDaddy Inc. has a one year low of $71.15 and a one year high of $167.65. The business’s fifty day moving average price is $159.26 and its 200-day moving average price is $145.92.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.06). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. GoDaddy’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities research analysts anticipate that GoDaddy Inc. will post 5.07 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. B. Riley lifted their target price on GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 12th. StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Barclays raised their price target on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Raymond James upped their price objective on shares of GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their target price on shares of GoDaddy from $145.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.54.

Insider Activity at GoDaddy

In related news, Director Sigal Zarmi sold 400 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $157.61, for a total transaction of $63,044.00. Following the completion of the transaction, the director now owns 4,661 shares of the company’s stock, valued at approximately $734,620.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Roger Chen sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.48, for a total transaction of $585,920.00. Following the completion of the transaction, the chief operating officer now owns 188,632 shares of the company’s stock, valued at approximately $27,630,815.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sigal Zarmi sold 400 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $157.61, for a total transaction of $63,044.00. Following the completion of the sale, the director now directly owns 4,661 shares in the company, valued at $734,620.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,744 shares of company stock worth $5,114,931. 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.