Carolina Wealth Advisors LLC Boosts Stake in GoDaddy Inc. (NYSE:GDDY)

Carolina Wealth Advisors LLC raised its position in GoDaddy Inc. (NYSE:GDDYFree Report) by 345.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,381 shares of the technology company’s stock after buying an additional 1,071 shares during the period. Carolina Wealth Advisors LLC’s holdings in GoDaddy were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDDY. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of GoDaddy by 0.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock worth $2,837,000 after purchasing an additional 67 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in GoDaddy by 4.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after acquiring an additional 73 shares during the period. Lindbrook Capital LLC raised its stake in GoDaddy by 11.3% during the third quarter. Lindbrook Capital LLC now owns 974 shares of the technology company’s stock worth $153,000 after acquiring an additional 99 shares during the period. Equitable Trust Co. raised its stake in GoDaddy by 1.3% during the third quarter. Equitable Trust Co. now owns 8,435 shares of the technology company’s stock worth $1,322,000 after acquiring an additional 107 shares during the period. Finally, Covestor Ltd raised its stake in GoDaddy by 22.4% during the third quarter. Covestor Ltd now owns 590 shares of the technology company’s stock worth $93,000 after acquiring an additional 108 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Performance

NYSE GDDY opened at $199.01 on Thursday. The firm has a market capitalization of $27.94 billion, a P/E ratio of 15.38 and a beta of 1.15. The firm’s fifty day moving average price is $197.87 and its two-hundred day moving average price is $170.37. GoDaddy Inc. has a 1 year low of $103.64 and a 1 year high of $211.11. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61.

GoDaddy (NYSE:GDDYGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share 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 the consensus estimate of $1.14 billion. During the same period last year, the company posted $0.89 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that GoDaddy Inc. will post 4.96 EPS for the current year.

Insider Transactions at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $167.79, for a total transaction of $503,370.00. Following the transaction, the chief executive officer now owns 345,956 shares in the company, valued at approximately $58,047,957.24. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the company’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 of the company’s stock, valued at approximately $34,119,161.60. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,003 shares of company stock worth $4,462,363. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup raised their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Jefferies Financial Group raised their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley raised their price objective on shares of GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Monday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Finally, Barclays raised their price target on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Five 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $194.14.

Read Our Latest Report on GoDaddy

About GoDaddy

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoDaddy Inc. (NYSE:GDDYFree Report).

Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.