5,879 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,879 shares of the technology company’s stock, valued at approximately $922,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of GoDaddy during the third quarter valued at approximately $27,000. Transcendent Capital Group LLC bought a new position in GoDaddy in the 2nd quarter worth $28,000. ORG Wealth Partners LLC bought a new position in GoDaddy in the 3rd quarter worth $30,000. Anchor Investment Management LLC purchased a new stake in shares of GoDaddy in the 3rd quarter worth about $31,000. Finally, ORG Partners LLC bought a new stake in shares of GoDaddy during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insiders Place Their Bets

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $152.17, for a total transaction of $152,170.00. Following the completion of the sale, the chief operating officer now directly owns 187,632 shares in the company, valued at approximately $28,551,961.44. The trade was a 0.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the completion of the transaction, the director now owns 24,121 shares in the company, valued at approximately $4,317,659. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,503 shares of company stock valued at $4,102,853. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. B. Riley raised their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com cut GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays raised their price objective on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group upped their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.57.

GoDaddy Price Performance

Shares of GDDY opened at $206.78 on Friday. The company has a market capitalization of $29.03 billion, a P/E ratio of 15.98 and a beta of 1.15. GoDaddy Inc. has a twelve month low of $99.90 and a twelve month high of $210.30. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The firm has a 50 day moving average of $180.63 and a 200 day moving average of $160.44.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. As a group, equities research analysts anticipate that GoDaddy Inc. will post 4.96 earnings per share 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.