Global Endowment Management LP Decreases Position in GoDaddy Inc. (NYSE:GDDY)

Global Endowment Management LP lessened its position in GoDaddy Inc. (NYSE:GDDY) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,965 shares of the technology company’s stock after selling 1,151 shares during the period. Global Endowment Management LP’s holdings in GoDaddy were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in GoDaddy in the 4th quarter valued at approximately $25,554,000. CWA Asset Management Group LLC increased its holdings in GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after buying an additional 3,631 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in GoDaddy in the 4th quarter worth about $1,045,000. Mount Yale Investment Advisors LLC raised its position in GoDaddy by 205.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after buying an additional 3,783 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in GoDaddy by 68.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after acquiring an additional 499 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $623,100.00. Following the sale, the chief executive officer now directly owns 330,153 shares in the company, valued at $68,572,778.10. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Sharples sold 500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the transaction, the director now directly owns 22,621 shares of the company’s stock, valued at approximately $4,698,381.70. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $3,346,400 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

GDDY opened at $172.52 on Thursday. The stock has a market capitalization of $24.39 billion, a price-to-earnings ratio of 26.75 and a beta of 1.19. GoDaddy Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The company has a fifty day moving average of $178.62 and a 200 day moving average of $185.49.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (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 during the quarter, compared to the consensus estimate of $1.18 billion. As a group, sell-side analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GDDY. Benchmark boosted their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Raymond James boosted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Citigroup raised their price target on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. StockNews.com cut GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, UBS Group raised their target price on GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $210.73.

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.