SPC Financial Inc. Sells 127 Shares of GoDaddy Inc. (NYSE:GDDY)

SPC Financial Inc. cut its position in GoDaddy Inc. (NYSE:GDDY) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,825 shares of the technology company’s stock after selling 127 shares during the quarter. SPC Financial Inc.’s holdings in GoDaddy were worth $2,137,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in shares of GoDaddy by 4.4% during the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock valued at $248,000 after acquiring an additional 53 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of GoDaddy by 4.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after acquiring an additional 64 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of GoDaddy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock valued at $3,708,000 after acquiring an additional 71 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of GoDaddy by 4.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock valued at $296,000 after acquiring an additional 73 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of GoDaddy by 1.1% during the fourth quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company’s stock valued at $1,294,000 after acquiring an additional 74 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $207.35, for a total value of $207,350.00. Following the completion of the transaction, the chief operating officer now directly owns 184,632 shares of the company’s stock, valued at approximately $38,283,445.20. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $90,330.00. Following the completion of the transaction, the director now directly owns 22,121 shares of the company’s stock, valued at approximately $3,996,379.86. This represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,034 shares of company stock worth $4,166,030 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Trading Down 0.7 %

Shares of NYSE:GDDY opened at $176.46 on Wednesday. GoDaddy Inc. has a 1 year low of $108.38 and a 1 year high of $216.00. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 27.36 and a beta of 1.15. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The business’s 50 day moving average price is $197.35 and its 200-day moving average price is $182.15.

GoDaddy (NYSE:GDDY) last announced its 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). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. On average, equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective on the stock. Robert W. Baird upped their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Piper Sandler upped their target price on GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. StockNews.com lowered GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, Citigroup upped their target price on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Company 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.