Equitable Trust Co. Has $1.30 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Equitable Trust Co. lessened its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 21.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,593 shares of the technology company’s stock after selling 1,842 shares during the quarter. Equitable Trust Co.’s holdings in GoDaddy were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GDDY. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy during the 3rd quarter worth approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy during the 4th quarter worth approximately $43,000. Finally, Friedenthal Financial acquired a new stake in shares of GoDaddy during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

GDDY has been the topic of several analyst reports. Morgan Stanley increased their price target 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. B. Riley increased their price target on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company initiated coverage on shares of GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target on the stock. StockNews.com downgraded shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.53.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the sale, the director now directly owns 22,621 shares in the company, valued at approximately $4,698,381.70. This trade represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $183.80, for a total transaction of $183,800.00. Following the completion of the sale, the chief operating officer now owns 185,632 shares of the company’s stock, valued at $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,483 shares of company stock worth $4,893,633. 0.61% of the stock is currently owned by company insiders.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $211.47 on Tuesday. GoDaddy Inc. has a twelve month low of $107.92 and a twelve month high of $216.00. The firm has a fifty day simple moving average of $204.17 and a 200 day simple moving average of $178.19. The company has a market capitalization of $29.69 billion, a PE ratio of 16.34 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61.

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.