Citizens Financial Group Inc. RI Has $403,000 Stock Position in GoDaddy Inc. (NYSE:GDDY)

Citizens Financial Group Inc. RI lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,043 shares of the technology company’s stock after acquiring an additional 553 shares during the period. Citizens Financial Group Inc. RI’s holdings in GoDaddy were worth $403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDDY. Moran Wealth Management LLC bought a new stake in GoDaddy during the 4th quarter worth approximately $14,801,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of GoDaddy by 6.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,724 shares of the technology company’s stock valued at $5,669,000 after buying an additional 1,673 shares during the last quarter. OFI Invest Asset Management bought a new stake in GoDaddy during the fourth quarter worth $52,000. Personal CFO Solutions LLC purchased a new stake in GoDaddy in the 4th quarter valued at $224,000. Finally, Amundi lifted its stake in GoDaddy by 84.4% during the 4th quarter. Amundi now owns 931,874 shares of the technology company’s stock valued at $183,710,000 after acquiring an additional 426,501 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

GDDY has been the subject of several recent analyst reports. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Morgan Stanley upped their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Citigroup lifted their target price on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Barclays upped their target price on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Raymond James lifted their price target on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Seven 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the transaction, the chief financial officer now owns 84,300 shares of the company’s stock, valued at $16,776,543. The trade was a 6.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $38,283,445.20. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,480 shares of company stock worth $3,849,169. 0.61% of the stock is owned by company insiders.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $171.92 on Friday. The firm has a market capitalization of $24.30 billion, a PE ratio of 26.65 and a beta of 1.25. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The company has a 50-day moving average price of $193.46 and a two-hundred day moving average price of $182.39. GoDaddy Inc. has a twelve month low of $115.19 and a twelve month high of $216.00.

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

GoDaddy Company 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.