Schonfeld Strategic Advisors LLC Has $15.77 Million Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Schonfeld Strategic Advisors LLC grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 155.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,900 shares of the technology company’s stock after purchasing an additional 48,615 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in GoDaddy were worth $15,770,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Anchor Investment Management LLC acquired a new position in GoDaddy during the third quarter worth about $31,000. Versant Capital Management Inc acquired a new position in GoDaddy during the 4th quarter worth approximately $43,000. Rakuten Securities Inc. lifted its stake in GoDaddy by 311.3% in the 4th 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 last quarter. Friedenthal Financial acquired a new stake in GoDaddy in the fourth quarter valued at approximately $49,000. Finally, OFI Invest Asset Management bought a new stake in shares of GoDaddy during the fourth quarter worth $52,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Up 1.8 %

GDDY opened at $188.33 on Wednesday. The company has a fifty day moving average price of $175.77 and a two-hundred day moving average price of $186.89. GoDaddy Inc. has a 1-year low of $120.59 and a 1-year high of $216.00. The company has a market cap of $26.62 billion, a P/E ratio of 29.20 and a beta of 1.19. 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 (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup cut their price objective on GoDaddy from $260.00 to $234.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Benchmark reissued a “buy” rating on shares of GoDaddy in a report on Monday. UBS Group raised their price target on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Raymond James boosted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Piper Sandler increased their price objective on GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Eight 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.60.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total value of $171,750.00. Following the completion of the sale, the chief operating officer now directly owns 256,949 shares of the company’s stock, valued at approximately $44,130,990.75. This represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00. Following the transaction, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock valued at $3,518,150 over the last three months. 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.