1,214 Shares in GoDaddy Inc. (NYSE:GDDY) Acquired by Alliance Wealth Management Group

Alliance Wealth Management Group purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,214 shares of the technology company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also bought and sold shares 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 worth $14,237,000 after buying an additional 15,452 shares during the last quarter. FMR LLC lifted its holdings in GoDaddy by 19.8% in the third 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 boosted its position in GoDaddy by 41.3% in 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 grew its stake in shares of GoDaddy by 20.3% during the 3rd 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 purchased a new position in shares of GoDaddy during the 3rd quarter valued at approximately $2,839,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on GDDY shares. Benchmark increased their price target on shares of GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. UBS Group increased their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Piper Sandler lifted their price target on GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price target on GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company initiated coverage on GoDaddy in a research report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, GoDaddy presently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the transaction, the chief financial officer now directly owns 84,300 shares of the company’s stock, valued at $16,776,543. The trade was a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total transaction of $200,570.00. Following the completion of the sale, the chief operating officer now directly owns 183,632 shares of the company’s stock, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,816,029 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 0.7 %

Shares of GDDY opened at $180.20 on Tuesday. GoDaddy Inc. has a 52-week low of $118.39 and a 52-week high of $216.00. The stock has a market cap of $25.47 billion, a PE ratio of 27.94 and a beta of 1.25. The firm’s fifty day moving average is $189.38 and its two-hundred day moving average is $184.61. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share 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 return on equity of 176.06% and a net margin of 20.49%. Research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

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.