Sequoia Financial Advisors LLC Acquires 719 Shares of GoDaddy Inc. (NYSE:GDDY)

Sequoia Financial Advisors LLC boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 38.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,586 shares of the technology company’s stock after buying an additional 719 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in GoDaddy were worth $510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC increased its holdings in shares of GoDaddy by 4.4% during the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock worth $248,000 after acquiring an additional 53 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after purchasing an additional 64 shares during the last quarter. New York Life Investment Management LLC raised its position in shares of GoDaddy by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock valued at $3,708,000 after purchasing an additional 71 shares during the period. Metis Global Partners LLC lifted its stake in shares of GoDaddy by 1.1% during the 4th quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company’s stock worth $1,294,000 after buying an additional 74 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 buying an additional 88 shares during the period. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling

In related news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the sale, the director now directly owns 23,121 shares of the company’s stock, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $201.29, for a total transaction of $96,619.20. Following the completion of the transaction, the chief financial officer now directly owns 83,254 shares of the company’s stock, valued at approximately $16,758,197.66. The trade was a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,480 shares of company stock worth $3,641,819 in the last ninety days. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on GDDY. Wells Fargo & Company began coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price target on the stock. Robert W. Baird increased their target price on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Piper Sandler boosted 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. Barclays lifted their target price on GoDaddy from $235.00 to $243.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Morgan Stanley upped their price target on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $179.97 on Tuesday. The firm has a 50 day moving average of $192.60 and a 200-day moving average of $182.83. GoDaddy Inc. has a 12 month low of $117.33 and a 12 month high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a market capitalization of $25.44 billion, a PE ratio of 27.90 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, equities research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal 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.