Whipplewood Advisors LLC Purchases New Holdings in GoDaddy Inc. (NYSE:GDDY)

Whipplewood Advisors LLC purchased a new stake in GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 763 shares of the technology company’s stock, valued at approximately $151,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in GoDaddy in the third quarter valued at about $27,000. Anchor Investment Management LLC purchased a new position in GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc purchased a new position in GoDaddy in the fourth quarter valued at about $43,000. Huntington National Bank boosted its holdings in GoDaddy by 298.7% in the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after purchasing an additional 230 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in GoDaddy in the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Friday, February 14th. The stock was sold at an average price of $194.28, for a total transaction of $194,280.00. Following the transaction, the chief operating officer now directly owns 182,632 shares in the company, valued at approximately $35,481,744.96. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Mccaffrey sold 2,678 shares of GoDaddy stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $526,601.92. Following the transaction, the chief financial officer now owns 89,800 shares in the company, valued at approximately $17,658,272. This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,482 shares of company stock worth $4,903,930 in the last three months. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GDDY shares. B. Riley increased their target price on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Robert W. Baird increased their target price on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group increased 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. JPMorgan Chase & Co. increased their target price on GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company started coverage on GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Stock Down 1.3 %

GDDY opened at $174.70 on Friday. GoDaddy Inc. has a 12 month low of $108.38 and a 12 month high of $216.00. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The stock has a market cap of $24.53 billion, a P/E ratio of 27.08 and a beta of 1.15. The stock’s 50 day moving average price is $199.58 and its 200 day moving average price is $181.55.

GoDaddy (NYSE:GDDY) last posted 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). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. As a group, research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.