GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management grew its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,412 shares of the technology company’s stock after purchasing an additional 1,032 shares during the period. Ritholtz Wealth Management’s holdings in GoDaddy were worth $2,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC lifted its stake in GoDaddy by 2,279.5% during the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company’s stock valued at $62,908,000 after buying an additional 384,386 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of GoDaddy by 3,227.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock valued at $56,709,000 after acquiring an additional 350,839 shares in the last quarter. FMR LLC boosted its stake in GoDaddy by 19.8% in the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock worth $260,299,000 after purchasing an additional 274,014 shares during the period. Dimensional Fund Advisors LP grew its position in GoDaddy by 37.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company’s stock worth $120,305,000 after purchasing an additional 235,934 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in GoDaddy during the 2nd quarter valued at $30,785,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 83,254 shares of the company’s stock, valued at $16,758,197.66. This represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $183.80, for a total transaction of $183,800.00. Following the completion of the sale, the chief operating officer now owns 185,632 shares in the company, valued at $34,119,161.60. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,483 shares of company stock worth $4,759,553 over the last ninety days. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GDDY. Robert W. Baird lifted their price target on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Piper Sandler upped their target price on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Citigroup raised their price target on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Finally, B. Riley lifted their target price on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average target price of $194.14.

GoDaddy Stock Up 0.0 %

Shares of GDDY stock opened at $200.89 on Friday. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 15.52 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s 50 day simple moving average is $198.80 and its 200 day simple moving average is $170.99. GoDaddy Inc. has a twelve month low of $106.32 and a twelve month high of $211.11.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that GoDaddy Inc. will post 4.96 EPS for the current year.

About GoDaddy

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.