TD Private Client Wealth LLC Increases Position in GoDaddy Inc. (NYSE:GDDY)

TD Private Client Wealth LLC raised its position in GoDaddy Inc. (NYSE:GDDY) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 8,631 shares of the technology company’s stock after buying an additional 434 shares during the quarter. TD Private Client Wealth LLC’s holdings in GoDaddy were worth $1,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in GoDaddy in the fourth quarter valued at approximately $25,554,000. CWA Asset Management Group LLC increased its position in shares of GoDaddy by 29.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after acquiring an additional 3,631 shares during the period. Dai ichi Life Insurance Company Ltd increased its position in shares of GoDaddy by 39.6% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock worth $9,410,000 after acquiring an additional 17,021 shares during the period. Fiduciary Alliance LLC purchased a new stake in shares of GoDaddy during the fourth quarter worth $1,045,000. Finally, Mount Yale Investment Advisors LLC increased its position in shares of GoDaddy by 205.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after acquiring an additional 3,783 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GDDY. B. Riley upped their price objective on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Benchmark upped their price objective on GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Piper Sandler boosted their target price on shares of GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Barclays boosted their target price on shares of GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Seven 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $213.20.

Insider Transactions at GoDaddy

In other news, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20. Following the completion of the sale, the chief financial officer now owns 83,254 shares in the company, valued at approximately $16,758,197.66. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $99,505.00. Following the transaction, the director now directly owns 23,121 shares of the company’s stock, valued at $4,601,310.21. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,480 shares of company stock worth $3,816,029. Company insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

NYSE GDDY opened at $180.49 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. GoDaddy Inc. has a 1 year low of $118.39 and a 1 year high of $216.00. The company has a market capitalization of $25.51 billion, a PE ratio of 27.98 and a beta of 1.25. The company has a fifty day moving average of $191.37 and a two-hundred day moving average of $183.14.

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 the consensus estimate of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. As a group, analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.