GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,683 shares of the technology company’s stock after purchasing an additional 807 shares during the period. Corient Private Wealth LLC’s holdings in GoDaddy were worth $1,516,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GDDY. JPMorgan Chase & Co. increased their price target on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. UBS Group lifted their target price on GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Jefferies Financial Group upped their price target on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Piper Sandler lifted their price objective on shares of GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Benchmark increased their target price on shares of GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Seven research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $213.20.

Insider Activity at GoDaddy

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 transaction of $597,030.00. Following the completion of the transaction, the chief executive officer now directly owns 333,153 shares of the company’s stock, valued at approximately $66,300,778.53. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 480 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $201.29, for a total value of $96,619.20. Following the completion of the sale, the chief financial officer now directly owns 83,254 shares in the company, valued at $16,758,197.66. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,480 shares of company stock worth $3,816,029 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $184.00 on Wednesday. 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’s 50 day moving average is $190.91 and its two-hundred day moving average is $183.77. The firm has a market capitalization of $26.01 billion, a P/E ratio of 28.53 and a beta of 1.25. GoDaddy Inc. has a 52 week low of $118.39 and a 52 week high of $216.00.

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 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. Analysts anticipate 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.