Corebridge Financial Inc. Has $7.34 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Corebridge Financial Inc. lessened its position in shares of GoDaddy Inc. (NYSE:GDDY) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,182 shares of the technology company’s stock after selling 401 shares during the period. Corebridge Financial Inc.’s holdings in GoDaddy were worth $7,339,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of GoDaddy during the 4th quarter valued at about $25,554,000. CWA Asset Management Group LLC boosted its holdings in shares of GoDaddy by 29.2% during 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. Fiduciary Alliance LLC acquired a new stake in shares of GoDaddy during the 4th quarter worth approximately $1,045,000. Mount Yale Investment Advisors LLC grew its position in shares of GoDaddy by 205.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after buying an additional 3,783 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of GoDaddy by 68.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after acquiring an additional 499 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now directly owns 257,949 shares of the company’s stock, valued at approximately $44,937,295.29. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $597,030.00. Following the completion of the sale, the chief executive officer now owns 333,153 shares in the company, valued at approximately $66,300,778.53. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,816,029 in the last quarter. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on GDDY. Jefferies Financial Group raised their price target on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Benchmark raised their target price on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler upped their price target on 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. raised their price objective on GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Citigroup upped their target price on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

GoDaddy Stock Down 2.1 %

GoDaddy stock opened at $178.89 on Friday. GoDaddy Inc. has a fifty-two week low of $118.39 and a fifty-two week high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The firm’s 50-day simple moving average is $189.80 and its 200 day simple moving average is $183.94. The stock has a market cap of $25.29 billion, a PE ratio of 27.73 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. 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.