GoDaddy Inc. (NYSE:GDDY) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,653 shares of the technology company’s stock after selling 2,451 shares during the quarter. Daiwa Securities Group Inc.’s holdings in GoDaddy were worth $5,853,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GDDY. Ashton Thomas Securities LLC acquired a new stake in shares of GoDaddy during the third quarter worth about $27,000. Anchor Investment Management LLC purchased a new position in GoDaddy during the third quarter valued at approximately $31,000. Versant Capital Management Inc purchased a new position in GoDaddy during the fourth quarter valued at approximately $43,000. Huntington National Bank raised its position in 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 acquiring an additional 230 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in GoDaddy during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $99,505.00. Following the transaction, the director now owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $207.35, for a total value of $207,350.00. Following the transaction, the chief operating officer now directly owns 184,632 shares in the company, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,480 shares of company stock valued at $3,849,169. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GDDY. Wells Fargo & Company began coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target for the company. StockNews.com cut GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Citigroup lifted their price target on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. UBS Group lifted their price target on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group boosted their price objective on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Stock Up 1.2 %

Shares of GDDY opened at $174.48 on Thursday. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a one year low of $115.19 and a one year high of $216.00. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 27.05 and a beta of 1.25. The stock has a 50 day moving average price of $194.00 and a 200 day moving average price of $182.46.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal 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.