Physician Wealth Advisors Inc. Acquires Shares of 337 GoDaddy Inc. (NYSE:GDDY)

Physician Wealth Advisors Inc. bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 337 shares of the technology company’s stock, valued at approximately $67,000.

A number of other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in shares of GoDaddy by 20.5% in the third quarter. The Manufacturers Life Insurance Company now owns 90,810 shares of the technology company’s stock valued at $14,237,000 after buying an additional 15,452 shares during the period. FMR LLC lifted its position in shares of GoDaddy by 19.8% during the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock valued at $260,299,000 after acquiring an additional 274,014 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of GoDaddy by 41.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,086 shares of the technology company’s stock worth $484,000 after purchasing an additional 902 shares in the last quarter. Ascent Group LLC increased its position in shares of GoDaddy by 20.3% in the third quarter. Ascent Group LLC now owns 2,387 shares of the technology company’s stock worth $374,000 after purchasing an additional 402 shares during the period. Finally, Concentric Capital Strategies LP bought a new position in GoDaddy in the 3rd quarter valued at about $2,839,000. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GDDY shares. Raymond James upped their target price on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Benchmark upped their price objective on GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company started coverage on GoDaddy in a research note on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective on the stock. Barclays boosted their target price on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Citigroup raised their target price on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Seven investment 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $213.20.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 480 shares of GoDaddy stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the transaction, the chief financial officer now owns 83,254 shares of the company’s stock, valued at $16,758,197.66. This trade represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,480 shares of company stock valued at $3,816,029 in the last quarter. 0.61% of the stock is currently owned by company insiders.

GoDaddy Stock Performance

Shares of GDDY opened at $180.20 on Tuesday. The firm’s fifty day simple moving average is $189.38 and its two-hundred day simple moving average is $184.61. GoDaddy Inc. has a 12 month low of $118.39 and a 12 month 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 stock has a market capitalization of $25.47 billion, a P/E ratio of 27.94 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last released its 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). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, analysts predict 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.