Williamson Legacy Group LLC Boosts Stake in GoDaddy Inc. (NYSE:GDDY)

Williamson Legacy Group LLC boosted its stake in GoDaddy Inc. (NYSE:GDDY) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,104 shares of the technology company’s stock after buying an additional 285 shares during the quarter. Williamson Legacy Group LLC’s holdings in GoDaddy were worth $1,205,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in shares of GoDaddy during the 3rd quarter worth $27,000. Anchor Investment Management LLC purchased a new position in shares of GoDaddy during the 3rd quarter worth $31,000. Versant Capital Management Inc purchased a new position in shares of GoDaddy during the 4th quarter worth $43,000. Huntington National Bank lifted its stake in shares of GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after purchasing an additional 230 shares during the period. Finally, Friedenthal Financial purchased a new position in shares of GoDaddy during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Up 2.8 %

Shares of NYSE GDDY opened at $179.77 on Friday. GoDaddy Inc. has a 12-month low of $108.38 and a 12-month high of $216.00. The company has a market cap of $25.24 billion, a P/E ratio of 27.87 and a beta of 1.15. 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 fifty day moving average price of $199.02 and a 200 day moving average price of $181.51.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results 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). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

GDDY has been the topic of a number of 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 began coverage on GoDaddy in a research report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 target price on the stock. Benchmark increased their target price on GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. B. Riley increased their target price on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Piper Sandler increased their target price on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average target price of $213.20.

Insider Activity

In other news, CAO Phontip Palitwanon sold 770 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the sale, the chief accounting officer now directly owns 23,059 shares in the company, valued at $4,534,321.76. This trade represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 480 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the sale, the chief financial officer now owns 83,254 shares of the company’s stock, valued at $16,758,197.66. This represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,482 shares of company stock worth $4,903,930 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

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.