GoDaddy Inc. (NYSE:GDDY) Stock Holdings Increased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,946 shares of the technology company’s stock after purchasing an additional 1,232 shares during the quarter. NEOS Investment Management LLC’s holdings in GoDaddy were worth $1,371,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in GoDaddy in the 4th quarter worth about $25,554,000. CWA Asset Management Group LLC grew its stake in shares of GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after buying an additional 3,631 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in GoDaddy in the fourth quarter worth approximately $1,045,000. Mount Yale Investment Advisors LLC raised its position in GoDaddy by 205.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock valued at $1,110,000 after acquiring an additional 3,783 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after acquiring an additional 499 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 84,300 shares of the company’s stock, valued at $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total transaction of $200,570.00. Following the transaction, the chief operating officer now owns 183,632 shares of the company’s stock, valued at approximately $36,831,070.24. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,480 shares of company stock worth $3,816,029. Company insiders own 0.61% of the company’s stock.

GoDaddy Price Performance

Shares of GoDaddy stock opened at $178.89 on Friday. 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 company has a market cap of $25.29 billion, a PE ratio of 27.73 and a beta of 1.25. The firm has a fifty day moving average price of $189.80 and a two-hundred day moving average price of $184.18. GoDaddy Inc. has a fifty-two week low of $118.39 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analyst Weigh In

GDDY has been the topic of several analyst reports. Barclays increased their price target on shares of GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 target price (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Raymond James boosted their price target on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. B. Riley increased their price objective on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Citigroup raised their price objective on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

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.