GoDaddy Inc. (NYSE:GDDY) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC lessened its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 32.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,346 shares of the technology company’s stock after selling 2,103 shares during the quarter. Procyon Advisors LLC’s holdings in GoDaddy were worth $858,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GDDY. Fiera Capital Corp grew its stake in GoDaddy by 1.6% during the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock valued at $115,725,000 after purchasing an additional 13,206 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of GoDaddy by 20.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 37,661 shares of the technology company’s stock valued at $5,262,000 after buying an additional 6,313 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of GoDaddy by 37.7% during the second quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company’s stock worth $120,305,000 after buying an additional 235,934 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of GoDaddy by 18.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,998 shares of the technology company’s stock worth $1,956,000 after buying an additional 2,227 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in GoDaddy by 109.3% in the second quarter. Hsbc Holdings PLC now owns 406,683 shares of the technology company’s stock valued at $56,786,000 after acquiring an additional 212,354 shares in the last quarter. 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 the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 183,632 shares in the company, valued at $36,831,070.24. This represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of the firm’s stock in a transaction that occurred on 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 approximately $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,483 shares of company stock worth $4,759,553 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Stock Up 0.0 %

NYSE:GDDY opened at $200.89 on Friday. The company has a market cap of $28.20 billion, a price-to-earnings ratio of 15.52 and a beta of 1.15. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s fifty day moving average price is $198.80 and its two-hundred day moving average price is $171.19. GoDaddy Inc. has a 52-week low of $106.32 and a 52-week high of $211.11.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data 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 analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $0.89 earnings per share. GoDaddy’s revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that GoDaddy Inc. will post 4.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GDDY shares. Morgan Stanley upped their target price on shares of GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Barclays increased their target price on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. StockNews.com cut GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Citigroup boosted their target price on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.14.

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.