Whittier Trust Co. Has $332,000 Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Whittier Trust Co. decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 4.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,684 shares of the technology company’s stock after selling 70 shares during the quarter. Whittier Trust Co.’s holdings in GoDaddy were worth $332,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of GoDaddy in the 4th quarter valued at $25,554,000. CWA Asset Management Group LLC lifted its stake in shares of GoDaddy by 29.2% in 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. Dai ichi Life Insurance Company Ltd lifted its stake in shares of GoDaddy by 39.6% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock valued at $9,410,000 after purchasing an additional 17,021 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of GoDaddy in the 4th quarter valued at $1,045,000. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of GoDaddy by 205.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock valued at $1,110,000 after purchasing an additional 3,783 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $597,030.00. Following the completion of the transaction, the chief executive officer now owns 333,153 shares in the company, valued at $66,300,778.53. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Mccaffrey sold 480 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the completion of the transaction, the chief financial officer now owns 83,254 shares of the company’s stock, valued at $16,758,197.66. The trade was a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,816,029 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GDDY shares. B. Riley increased their price target on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 14th. StockNews.com cut shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Jefferies Financial Group upped their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Citigroup upped their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Raymond James upped their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus price target of $213.20.

GoDaddy Price Performance

GDDY stock opened at $180.49 on Monday. The stock has a 50-day moving average price of $191.37 and a two-hundred day moving average price of $183.32. The stock has a market cap of $25.51 billion, a PE ratio of 27.98 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 1 year low of $118.39 and a 1 year high of $216.00.

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

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.