Angeles Wealth Management LLC Purchases Shares of 1,074 GoDaddy Inc. (NYSE:GDDY)

Angeles Wealth Management LLC purchased a new stake in GoDaddy Inc. (NYSE:GDDY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,074 shares of the technology company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy during the third quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in shares of GoDaddy during the third quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy during the third quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in shares of GoDaddy during the fourth quarter valued at about $43,000. Finally, Huntington National Bank grew its holdings in shares of GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after buying an additional 230 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $183.80, for a total value of $183,800.00. Following the sale, the chief operating officer now owns 185,632 shares of the company’s stock, valued at $34,119,161.60. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Mccaffrey sold 480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction 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 approximately $16,758,197.66. This trade represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,483 shares of company stock valued at $4,893,633. Company insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY stock opened at $211.47 on Tuesday. The firm has a market cap of $29.69 billion, a price-to-earnings ratio of 16.34 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a 52 week low of $107.92 and a 52 week high of $216.00. The firm’s 50-day simple moving average is $204.17 and its two-hundred day simple moving average is $178.19.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of analyst reports. Benchmark lifted their price objective on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company began coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective for the company. Jefferies Financial Group boosted their price target on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Finally, B. Riley boosted their price target on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.53.

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.