MV Capital Management Inc. Sells 73 Shares of GoDaddy Inc. (NYSE:GDDY)

MV Capital Management Inc. lessened its position in GoDaddy Inc. (NYSE:GDDY) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,442 shares of the technology company’s stock after selling 73 shares during the quarter. MV Capital Management Inc.’s holdings in GoDaddy were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GDDY. Allianz SE purchased a new position in shares of GoDaddy during the fourth quarter valued at approximately $467,000. Allstate Corp bought a new stake in GoDaddy in the fourth quarter worth $826,000. DnB Asset Management AS grew its stake in shares of GoDaddy by 1.8% in the fourth quarter. DnB Asset Management AS now owns 25,584 shares of the technology company’s stock worth $5,050,000 after acquiring an additional 463 shares during the last quarter. denkapparat Operations GmbH purchased a new position in shares of GoDaddy in the 4th quarter worth about $450,000. Finally, Pictet Asset Management Holding SA grew its position in GoDaddy by 6.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 116,698 shares of the technology company’s stock valued at $23,033,000 after purchasing an additional 7,081 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company began coverage on GoDaddy in a research note on Monday, February 3rd. They set an “equal weight” rating and a $198.00 target price on the stock. Morgan Stanley lifted their price objective on GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Piper Sandler upped their target price on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Finally, UBS Group raised their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the completion of the transaction, the director now directly owns 23,121 shares of the company’s stock, valued at $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00. Following the completion of the sale, the chief operating officer now owns 257,949 shares of the company’s stock, valued at $44,937,295.29. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,816,029 over the last 90 days. 0.61% of the stock is owned by insiders.

GoDaddy Trading Down 2.1 %

Shares of GDDY stock opened at $178.89 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of 27.73 and a beta of 1.25. GoDaddy Inc. has a 12-month low of $118.39 and a 12-month high of $216.00. The stock’s 50-day moving average price is $189.80 and its 200-day moving average price is $183.94.

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

GoDaddy Company 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.