Diversified Investment Strategies LLC Has $17.82 Million Stake in GoDaddy Inc. (NYSE:GDDY)

Diversified Investment Strategies LLC decreased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,270 shares of the technology company’s stock after selling 9,485 shares during the period. GoDaddy makes up about 11.6% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 2nd largest holding. Diversified Investment Strategies LLC’s holdings in GoDaddy were worth $17,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in GDDY. Susquehanna Fundamental Investments LLC acquired a new stake in GoDaddy during the 2nd quarter worth approximately $1,481,000. Ascent Group LLC bought a new stake in shares of GoDaddy in the 2nd quarter worth $277,000. Creative Planning boosted its holdings in shares of GoDaddy by 88.6% in the 2nd quarter. Creative Planning now owns 10,019 shares of the technology company’s stock worth $1,400,000 after buying an additional 4,707 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in GoDaddy by 214.2% during the second quarter. NewEdge Advisors LLC now owns 9,105 shares of the technology company’s stock valued at $1,272,000 after purchasing an additional 6,207 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of GoDaddy in the second quarter worth about $245,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

GoDaddy stock opened at $213.79 on Wednesday. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a fifty day moving average of $201.68 and a two-hundred day moving average of $174.47. The company has a market capitalization of $30.01 billion, a price-to-earnings ratio of 16.49 and a beta of 1.15. GoDaddy Inc. has a fifty-two week low of $106.42 and a fifty-two week high of $215.35.

GoDaddy (NYSE:GDDY) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $1.15 billion for 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 for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. On average, analysts anticipate that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GDDY. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. B. Riley raised their price objective on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley lifted their price objective on GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. StockNews.com downgraded GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group boosted their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.07.

Insider Transactions at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the completion of the transaction, the chief operating officer now directly owns 185,632 shares in the company, valued at $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction that occurred 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 of the company’s stock, valued at approximately $58,047,957.24. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,483 shares of company stock valued at $4,759,553. 0.61% of the stock is currently owned by insiders.

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.