6 hours Ago By ABMN Staff
Geneos Wealth Management Inc. lifted its position in shares of GoDaddy Inc. ( NYSE:GDDY – Free Report ) by 50.
0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 552 shares of the technology company’s stock after purchasing an additional 184 shares during the period. Geneos Wealth Management Inc.
’s holdings in GoDaddy were worth $109,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in GoDaddy by 0.
4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company’s stock valued at $2,837,000 after buying an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of GoDaddy by 4.
0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock valued at $296,000 after acquiring an additional 73 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of GoDaddy by 13.
5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company’s stock worth $146,000 after acquiring an additional 88 shares in the last quarter. Lindbrook Capital LLC lifted its stake in GoDaddy by 11.
3% during the third quarter. Lindbrook Capital LLC now owns 974 shares of the technology company’s stock worth $153,000 after purchasing an additional 99 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in GoDaddy by 11.
3% in the fourth quarter. Fifth Third Bancorp now owns 993 shares of the technology company’s stock valued at $196,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 90.
28% of the company’s stock. Analysts Set New Price Targets A number of analysts have weighed in on the stock. Raymond James raised their price objective on shares of GoDaddy from $185.
00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Morgan Stanley boosted their price target on shares of GoDaddy from $189.
00 to $227.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Jefferies Financial Group upped their price objective on shares of GoDaddy from $170.
00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. B.
Riley lifted their target price on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st.
Finally, JPMorgan Chase & Co. upped their target price on GoDaddy from $175.00 to $224.
00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and an average target price of $198.
07. Insider Activity at GoDaddy In other GoDaddy news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $207.
35, for a total value of $207,350.00. Following the completion of the sale, the chief operating officer now owns 184,632 shares of the company’s stock, valued at approximately $38,283,445.
20. This trade represents a 0.54 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CFO Mark Mccaffrey sold 480 shares of the business’s 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 sale, the chief financial officer now owns 83,254 shares in the company, valued at $16,758,197.
66. The trade was a 0.57 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold a total of 21,483 shares of company stock worth $4,256,183 over the last 90 days. Company insiders own 0.
61% of the company’s stock. GoDaddy Stock Performance NYSE:GDDY opened at $213.32 on Friday.
The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.
56. The firm has a market cap of $29.95 billion, a price-to-earnings ratio of 16.
49 and a beta of 1.15. The firm’s fifty day moving average price is $202.
16 and its 200 day moving average price is $174.74. GoDaddy Inc.
has a 1-year low of $106.42 and a 1-year high of $216.00.
GoDaddy ( NYSE:GDDY – Get Free Report ) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.
25 by $0.07. GoDaddy had a net margin of 41.
74% and a return on equity of 267.29%. The business had revenue of $1.
15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $0.
89 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year.
On average, sell-side analysts expect that GoDaddy Inc. will post 4.96 EPS for the current year.
GoDaddy Company Profile ( Free Report ) 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.
See Also Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter ..
