Choreo LLC Purchases 2,205 Shares of GoDaddy Inc. (NYSE:GDDY)

Choreo LLC grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 106.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,283 shares of the technology company’s stock after purchasing an additional 2,205 shares during the quarter. Choreo LLC’s holdings in GoDaddy were worth $854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GDDY. Principal Financial Group Inc. boosted its position in GoDaddy by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock worth $31,052,000 after buying an additional 6,424 shares during the period. Highland Capital Management LLC bought a new position in shares of GoDaddy during the third quarter valued at $1,132,000. CWA Asset Management Group LLC lifted its holdings in shares of GoDaddy by 29.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock worth $3,172,000 after purchasing an additional 3,631 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of GoDaddy by 28.0% in the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company’s stock worth $6,907,000 after purchasing an additional 9,631 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd increased its holdings in GoDaddy by 39.6% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock valued at $9,410,000 after purchasing an additional 17,021 shares during the period. 90.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $197.77, for a total transaction of $593,310.00. Following the completion of the sale, the chief executive officer now directly owns 342,956 shares of the company’s stock, valued at approximately $67,826,408.12. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the transaction, the director now owns 22,621 shares in the company, valued at $4,698,381.70. This represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,483 shares of company stock worth $4,893,633. 0.61% of the stock is owned by corporate insiders.

GoDaddy Trading Up 0.1 %

Shares of GoDaddy stock opened at $211.14 on Monday. The stock has a market capitalization of $29.64 billion, a PE ratio of 16.32 and a beta of 1.15. GoDaddy Inc. has a 52 week low of $107.92 and a 52 week high of $216.00. The stock has a 50 day moving average price of $204.17 and a two-hundred day moving average price of $178.19. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.

Wall Street Analyst Weigh In

GDDY has been the topic of a number of analyst reports. Jefferies Financial Group upped their price target on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. B. Riley upped their target price on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark increased their target price on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price target on shares of GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.53.

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.