GoDaddy Inc. (NYSE:GDDY) Stock Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. increased its position in GoDaddy Inc. (NYSE:GDDY) by 40.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 763 shares of the technology company’s stock after purchasing an additional 218 shares during the period. Blue Trust Inc.’s holdings in GoDaddy were worth $120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. ORG Wealth Partners LLC bought a new position in GoDaddy during the third quarter valued at approximately $30,000. Transcendent Capital Group LLC bought a new stake in GoDaddy during the second quarter valued at about $28,000. ORG Partners LLC acquired a new stake in shares of GoDaddy in the second quarter valued at about $32,000. International Assets Investment Management LLC bought a new position in shares of GoDaddy in the second quarter worth about $36,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of GoDaddy during the 1st quarter worth about $45,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $164.16, for a total transaction of $164,160.00. Following the completion of the sale, the chief operating officer now owns 186,632 shares of the company’s stock, valued at approximately $30,637,509.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $164.16, for a total value of $164,160.00. Following the transaction, the chief operating officer now owns 186,632 shares of the company’s stock, valued at approximately $30,637,509.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sigal Zarmi sold 400 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the sale, the director now owns 4,661 shares of the company’s stock, valued at approximately $734,620.21. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,744 shares of company stock valued at $5,114,931. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GDDY has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price target on GoDaddy from $145.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. B. Riley increased their price target on shares of GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a report on Friday, July 12th. Robert W. Baird boosted their price objective on shares of GoDaddy from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price target on shares of GoDaddy in a research note on Monday, October 7th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $166.54.

GoDaddy Stock Down 0.4 %

NYSE GDDY opened at $159.94 on Tuesday. GoDaddy Inc. has a 1-year low of $71.69 and a 1-year high of $167.65. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 13.32 and a beta of 1.12. The stock’s 50 day moving average is $159.26 and its two-hundred day moving average is $146.07. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.06). GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned $0.63 EPS. GoDaddy’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that GoDaddy Inc. will post 5.07 earnings per share 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.