Wilmington Savings Fund Society FSB Acquires Shares of 5,879 GoDaddy Inc. (NYSE:GDDY)

Wilmington Savings Fund Society FSB purchased a new position in GoDaddy Inc. (NYSE:GDDY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,879 shares of the technology company’s stock, valued at approximately $922,000.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in GoDaddy in the 2nd quarter worth about $32,000. Blue Trust Inc. boosted its position in GoDaddy by 336.0% during the second quarter. Blue Trust Inc. now owns 545 shares of the technology company’s stock worth $76,000 after purchasing an additional 420 shares during the period. Raymond James & Associates increased its stake in shares of GoDaddy by 9.0% in the second quarter. Raymond James & Associates now owns 203,424 shares of the technology company’s stock worth $28,420,000 after purchasing an additional 16,737 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of GoDaddy by 4.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 10,040 shares of the technology company’s stock valued at $1,403,000 after purchasing an additional 432 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of GoDaddy by 546.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 23,088 shares of the technology company’s stock valued at $3,226,000 after buying an additional 19,518 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the transaction, the director now owns 24,121 shares in the company, valued at approximately $4,317,659. The trade was a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $155.60, for a total value of $855,800.00. Following the sale, the chief financial officer now owns 93,102 shares of the company’s stock, valued at $14,486,671.20. This represents a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,503 shares of company stock worth $4,102,853. 0.61% of the stock is currently owned by insiders.

GoDaddy Stock Down 1.0 %

GDDY opened at $206.78 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The business’s fifty day simple moving average is $180.63 and its 200 day simple moving average is $160.44. GoDaddy Inc. has a 52 week low of $99.90 and a 52 week high of $210.30. The stock has a market cap of $29.03 billion, a PE ratio of 15.98 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data 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. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. GoDaddy’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. As a group, research analysts expect that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GDDY shares. Barclays raised their price target on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Benchmark upped their price target on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. B. Riley raised their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a report on Monday, October 7th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.57.

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.