GoDaddy Inc. (NYSE:GDDY) Shares Sold by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC cut its position in GoDaddy Inc. (NYSE:GDDY) by 16.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,181 shares of the technology company’s stock after selling 231 shares during the quarter. Smartleaf Asset Management LLC’s holdings in GoDaddy were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GDDY. Principal Financial Group Inc. increased its stake in shares of GoDaddy by 3.4% in the third quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock valued at $31,052,000 after purchasing an additional 6,424 shares during the period. CWA Asset Management Group LLC grew its holdings in GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after buying an additional 3,631 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in GoDaddy by 28.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company’s stock worth $6,907,000 after buying an additional 9,631 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its position in GoDaddy by 39.6% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock valued at $9,410,000 after acquiring an additional 17,021 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in GoDaddy during the 4th quarter valued at $1,045,000. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GDDY has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Company started coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 target price for the company. Morgan Stanley boosted their price target on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Barclays increased their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Citigroup raised their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $213.20.

Insider Activity at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $597,030.00. Following the transaction, the chief executive officer now owns 333,153 shares of the company’s stock, valued at $66,300,778.53. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Phontip Palitwanon sold 1,554 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $203.90, for a total value of $316,860.60. Following the completion of the transaction, the chief accounting officer now owns 21,505 shares in the company, valued at $4,384,869.50. This represents a 6.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,034 shares of company stock worth $4,166,030. 0.61% of the stock is owned by corporate insiders.

GoDaddy Stock Down 0.1 %

Shares of GoDaddy stock opened at $176.29 on Thursday. GoDaddy Inc. has a 12-month low of $109.16 and a 12-month high of $216.00. The firm has a market capitalization of $24.92 billion, a PE ratio of 27.33 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The stock’s fifty day moving average is $196.74 and its 200-day moving average is $182.11.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

About GoDaddy

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.