US Bancorp DE Has $10.48 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

US Bancorp DE increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 41.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,117 shares of the technology company’s stock after acquiring an additional 15,659 shares during the quarter. US Bancorp DE’s holdings in GoDaddy were worth $10,484,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in GoDaddy in the third quarter valued at about $27,000. Anchor Investment Management LLC acquired a new position in GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy during the fourth quarter worth about $43,000. Friedenthal Financial acquired a new stake in shares of GoDaddy during the fourth quarter worth about $49,000. Finally, Huntington National Bank raised its position in shares of GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analysts Set New Price Targets

GDDY has been the topic of a number of research analyst reports. Barclays raised their price target on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. UBS Group raised their price target 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 raised their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Raymond James raised their price target on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price objective (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

GoDaddy Stock Performance

GDDY opened at $177.53 on Tuesday. GoDaddy Inc. has a 12-month low of $108.38 and a 12-month high of $216.00. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of 27.52 and a beta of 1.15. The business has a 50 day moving average of $197.96 and a 200-day moving average of $182.06. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.18 billion. On average, equities research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Activity

In related news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Monday, December 16th. The stock was 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 of the company’s stock, valued at approximately $38,283,445.20. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $1,094,555.00. Following the sale, the chief financial officer now directly owns 84,300 shares of the company’s stock, valued at approximately $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,534 shares of company stock valued at $3,533,720 over the last three months. Insiders own 0.61% of the company’s stock.

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.