GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Horizon Investments LLC

Horizon Investments LLC increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 570.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,812 shares of the technology company’s stock after acquiring an additional 10,900 shares during the period. Horizon Investments LLC’s holdings in GoDaddy were worth $2,529,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GDDY. Huntington National Bank grew its position in shares of GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after acquiring an additional 230 shares during the period. CIBC Asset Management Inc boosted its holdings in GoDaddy by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 21,113 shares of the technology company’s stock worth $3,310,000 after buying an additional 1,589 shares during the last quarter. Natixis Advisors LLC boosted its holdings in GoDaddy by 42.8% in the 3rd quarter. Natixis Advisors LLC now owns 30,409 shares of the technology company’s stock worth $4,768,000 after buying an additional 9,115 shares during the last quarter. Swiss National Bank boosted its holdings in GoDaddy by 4.4% in the 3rd quarter. Swiss National Bank now owns 418,300 shares of the technology company’s stock worth $65,581,000 after buying an additional 17,500 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in GoDaddy in the 3rd quarter worth about $1,760,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Barclays boosted their target price on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. B. Riley boosted their target price on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup boosted their target price on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Seven investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Trading Down 1.1 %

Shares of GoDaddy stock opened at $178.18 on Wednesday. GoDaddy Inc. has a 1 year low of $118.14 and a 1 year high of $216.00. 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’s fifty day simple moving average is $192.25 and its 200-day simple moving average is $182.91. The company has a market cap of $25.19 billion, a price-to-earnings ratio of 27.63 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last released its earnings results 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). The business had revenue of $1.19 billion for 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, sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the business’s 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 $99,505.00. Following the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 owns 84,300 shares of the company’s stock, valued at approximately $16,776,543. This represents a 6.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock valued at $3,816,029 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

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.