10,182 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in GoDaddy Inc. (NYSE:GDDY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,182 shares of the technology company’s stock, valued at approximately $2,010,000.

Other large investors have also bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in shares of GoDaddy in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc bought a new position in GoDaddy in the fourth quarter worth $43,000. Rakuten Securities Inc. lifted its position in GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after buying an additional 165 shares during the period. Friedenthal Financial purchased a new stake in shares of GoDaddy in the 4th quarter worth about $49,000. Finally, OFI Invest Asset Management bought a new position in shares of GoDaddy in the 4th quarter worth about $52,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $178.89 on Monday. GoDaddy Inc. has a 12-month low of $118.39 and a 12-month high of $216.00. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 27.73 and a beta of 1.25. 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 firm has a 50 day moving average of $189.80 and a 200 day moving average of $184.41.

GoDaddy (NYSE:GDDY) last issued 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 net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insiders Place Their Bets

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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. This represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the sale, the director now directly owns 22,621 shares in the company, valued at approximately $4,698,381.70. This represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,480 shares of company stock worth $3,816,029 over the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GDDY has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Citigroup increased their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. StockNews.com cut GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. JPMorgan Chase & Co. lifted their target price on GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Benchmark upped their price target on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

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.