Soros Capital Management LLC Has $3.12 Million Stock Position in GoDaddy Inc. (NYSE:GDDY)

Soros Capital Management LLC reduced its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 30.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,795 shares of the technology company’s stock after selling 6,967 shares during the period. Soros Capital Management LLC’s holdings in GoDaddy were worth $3,117,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GDDY. Barclays PLC increased its position in GoDaddy by 28.7% during the 3rd quarter. Barclays PLC now owns 447,425 shares of the technology company’s stock worth $70,147,000 after purchasing an additional 99,734 shares in the last quarter. Te Ahumairangi Investment Management Ltd lifted its stake in shares of GoDaddy by 86.8% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 15,012 shares of the technology company’s stock valued at $2,340,000 after acquiring an additional 6,974 shares during the last quarter. Anchor Investment Management LLC bought a new stake in GoDaddy during the 3rd quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new position in GoDaddy in the third quarter valued at about $922,000. Finally, Tidal Investments LLC boosted its stake in shares of GoDaddy by 38.7% during the third quarter. Tidal Investments LLC now owns 18,643 shares of the technology company’s stock valued at $2,923,000 after purchasing an additional 5,205 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Down 0.4 %

GDDY stock opened at $171.55 on Monday. The company has a market capitalization of $24.25 billion, a PE ratio of 26.60 and a beta of 1.19. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. GoDaddy Inc. has a 12 month low of $120.23 and a 12 month high of $216.00. The firm’s 50-day moving average is $177.13 and its 200 day moving average is $186.15.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $623,100.00. Following the completion of the sale, the chief executive officer now owns 330,153 shares of the company’s stock, valued at $68,572,778.10. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the sale, the director now directly owns 22,621 shares of the company’s stock, valued at $4,698,381.70. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $3,518,150 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GDDY shares. JPMorgan Chase & Co. boosted their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Raymond James raised their price target on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Piper Sandler boosted their target price on shares of GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Jefferies Financial Group dropped their target price on shares of GoDaddy from $200.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. Finally, UBS Group upped their price target on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and an average target price of $210.73.

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.