Lifeworks Advisors LLC Buys New Position in GoDaddy Inc. (NYSE:GDDY)

Lifeworks Advisors LLC purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,138 shares of the technology company’s stock, valued at approximately $3,471,000.

A number of other large investors have also modified their holdings of GDDY. Ashton Thomas Securities LLC acquired a new position in GoDaddy during the third quarter worth $27,000. Transcendent Capital Group LLC acquired a new stake in GoDaddy in the second quarter worth about $28,000. ORG Wealth Partners LLC bought a new stake in shares of GoDaddy during the third quarter worth approximately $30,000. ORG Partners LLC bought a new stake in shares of GoDaddy during the 2nd quarter valued at $32,000. Finally, International Assets Investment Management LLC bought a new position in GoDaddy during the second quarter worth about $36,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at GoDaddy

In other news, CAO Nick Daddario sold 684 shares of GoDaddy stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total value of $107,545.32. Following the completion of the sale, the chief accounting officer now owns 17,704 shares in the company, valued at $2,783,599.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $152.17, for a total value of $152,170.00. Following the completion of the sale, the chief operating officer now directly owns 187,632 shares of the company’s stock, valued at approximately $28,551,961.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Nick Daddario sold 684 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total transaction of $107,545.32. Following the completion of the sale, the chief accounting officer now owns 17,704 shares of the company’s stock, valued at approximately $2,783,599.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,844 shares of company stock worth $4,619,397 over the last ninety days. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on GDDY. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price objective on shares of GoDaddy in a research note on Monday, October 7th. Raymond James increased their price target on GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Piper Sandler raised their price target on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Benchmark increased their target price on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Five investment 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.38.

GoDaddy Price Performance

NYSE:GDDY traded down $3.37 during trading hours on Thursday, hitting $185.37. The company’s stock had a trading volume of 230,634 shares, compared to its average volume of 1,457,585. The stock has a fifty day simple moving average of $161.46 and a 200-day simple moving average of $150.36. GoDaddy Inc. has a twelve month low of $90.42 and a twelve month high of $190.21. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $26.02 billion, a P/E ratio of 14.59 and a beta of 1.11.

GoDaddy (NYSE:GDDY) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that GoDaddy Inc. will post 4.95 EPS for the current fiscal year.

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.