4,870 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by Trust Point Inc.

Trust Point Inc. acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,870 shares of the technology company’s stock, valued at approximately $961,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GDDY. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in 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 valued at $2,837,000 after purchasing an additional 67 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after purchasing an additional 73 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of GoDaddy by 13.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company’s stock valued at $146,000 after buying an additional 88 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of GoDaddy by 11.3% during the 3rd quarter. Lindbrook Capital LLC now owns 974 shares of the technology company’s stock valued at $153,000 after buying an additional 99 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in GoDaddy by 11.3% in the fourth quarter. Fifth Third Bancorp now owns 993 shares of the technology company’s stock worth $196,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of analyst reports. Wells Fargo & Company started coverage on shares of GoDaddy in a research note on Monday. They issued an “equal weight” rating and a $198.00 target price for the company. Citigroup upped their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Robert W. Baird raised their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price target on GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, B. Riley increased their price objective on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Six equities 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 company. According to MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $198.07.

Insider Buying and Selling at GoDaddy

In related news, Director Brian Sharples sold 500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the completion of the transaction, the director now directly owns 24,121 shares in the company, valued at approximately $4,317,659. This represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $197.77, for a total transaction of $593,310.00. Following the sale, the chief executive officer now owns 342,956 shares in the company, valued at $67,826,408.12. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,483 shares of company stock valued at $4,256,183 in the last ninety days. Company insiders own 0.61% of the company’s stock.

GoDaddy Stock Down 1.0 %

GDDY opened at $210.65 on Wednesday. The business has a 50 day moving average of $203.41 and a 200-day moving average of $176.82. The stock has a market capitalization of $29.57 billion, a price-to-earnings ratio of 16.28 and a beta of 1.15. 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 Inc. has a 1-year low of $107.47 and a 1-year high of $216.00.

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.