Fifth Third Bancorp Purchases 101 Shares of GoDaddy Inc. (NYSE:GDDY)

Fifth Third Bancorp raised its position in shares of GoDaddy Inc. (NYSE:GDDY) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 993 shares of the technology company’s stock after acquiring an additional 101 shares during the quarter. Fifth Third Bancorp’s holdings in GoDaddy were worth $196,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GDDY. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy during the 3rd quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in shares of GoDaddy during the third quarter valued at about $30,000. Anchor Investment Management LLC bought a new position in shares of GoDaddy during the 3rd quarter worth about $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy in the 4th quarter valued at about $43,000. Finally, Friedenthal Financial acquired a new stake in shares of GoDaddy in the 4th quarter valued at about $49,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the transaction, the chief financial officer now owns 84,300 shares in the company, valued at $16,776,543. This trade represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the sale, the chief operating officer now directly owns 184,632 shares in the company, valued at approximately $38,283,445.20. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,483 shares of company stock valued at $4,256,183 in the last three months. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 price target (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Benchmark increased their target price on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. B. Riley boosted their price target 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. Robert W. Baird raised their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley boosted their target price on shares of GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.07.

GoDaddy Stock Down 0.6 %

GDDY stock opened at $212.32 on Friday. GoDaddy Inc. has a 1-year low of $106.42 and a 1-year high of $216.00. The stock has a market cap of $29.81 billion, a P/E ratio of 16.41 and a beta of 1.15. The stock’s fifty day simple moving average is $202.89 and its two-hundred day simple moving average is $175.47. 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:GDDY) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Analysts expect that GoDaddy Inc. will post 4.96 EPS for the current 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.