GoDaddy Inc. (NYSE:GDDY) Stake Raised by Range Financial Group LLC

Range Financial Group LLC raised its holdings in GoDaddy Inc. (NYSE:GDDY) by 71.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,214 shares of the technology company’s stock after acquiring an additional 919 shares during the quarter. Range Financial Group LLC’s holdings in GoDaddy were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy during the third quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in GoDaddy during the 3rd quarter worth about $30,000. Anchor Investment Management LLC acquired a new stake in GoDaddy during the 3rd quarter worth about $31,000. Versant Capital Management Inc purchased a new stake in GoDaddy during the fourth quarter valued at about $43,000. Finally, Huntington National Bank increased its position in shares of GoDaddy by 298.7% in the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

NYSE GDDY opened at $195.58 on Wednesday. The company has a market cap of $27.46 billion, a P/E ratio of 15.11 and a beta of 1.15. GoDaddy Inc. has a 1 year low of $100.43 and a 1 year high of $211.11. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a fifty day simple moving average of $193.67 and a 200 day simple moving average of $167.80.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, sell-side analysts predict that GoDaddy Inc. will post 4.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GDDY shares. Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price target on shares of GoDaddy in a research report on Monday, October 7th. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Citigroup lifted their price target on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their target price on GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.71.

Insider Activity at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $167.79, for a total value of $503,370.00. Following the completion of the transaction, the chief executive officer now owns 345,956 shares in the company, valued at approximately $58,047,957.24. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the sale, the chief operating officer now directly owns 184,632 shares in the company, valued at approximately $38,283,445.20. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,003 shares of company stock worth $4,626,523 in the last ninety days. 0.61% of the stock is currently owned by insiders.

About GoDaddy

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.