Farther Finance Advisors LLC Has $678,000 Stake in GoDaddy Inc. (NYSE:GDDY)

Farther Finance Advisors LLC lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 1,096.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,434 shares of the technology company’s stock after purchasing an additional 3,147 shares during the quarter. Farther Finance Advisors LLC’s holdings in GoDaddy were worth $678,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in GoDaddy by 38.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,586 shares of the technology company’s stock worth $510,000 after buying an additional 719 shares during the period. HighTower Advisors LLC increased its position in shares of GoDaddy by 25.7% during the fourth quarter. HighTower Advisors LLC now owns 20,604 shares of the technology company’s stock worth $4,067,000 after acquiring an additional 4,219 shares in the last quarter. GC Wealth Management RIA LLC bought a new stake in GoDaddy in the 4th quarter valued at $278,000. Citizens Financial Group Inc. RI lifted its position in GoDaddy by 37.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,043 shares of the technology company’s stock valued at $403,000 after acquiring an additional 553 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new position in GoDaddy in the 4th quarter worth $14,801,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $176.06 on Friday. GoDaddy Inc. has a 12 month low of $117.33 and a 12 month high of $216.00. The stock has a 50 day moving average of $192.98 and a 200-day moving average of $182.59. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a market capitalization of $24.89 billion, a P/E ratio of 27.30 and a beta of 1.25.

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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, equities research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GDDY. Barclays boosted their price target on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Jefferies Financial Group boosted their target price on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Citigroup upped their price target on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Raymond James lifted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley increased their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Seven equities 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

Insiders Place Their Bets

In other news, CFO Mark Mccaffrey sold 480 shares of GoDaddy stock in a transaction on Monday, January 6th. The stock was 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 owns 83,254 shares of the company’s stock, valued at approximately $16,758,197.66. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the transaction, the chief operating officer now owns 184,632 shares in the company, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,849,169 over the last three months. Insiders own 0.61% of the company’s stock.

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.