Y Intercept Hong Kong Ltd Sells 4,305 Shares of GoDaddy Inc. (NYSE:GDDY)

Y Intercept Hong Kong Ltd lowered its holdings in GoDaddy Inc. (NYSE:GDDY) by 40.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,322 shares of the technology company’s stock after selling 4,305 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in GoDaddy were worth $1,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GDDY. Principal Financial Group Inc. grew its stake in GoDaddy by 3.4% during the third 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 last quarter. CWA Asset Management Group LLC grew its stake in 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 buying an additional 3,631 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in GoDaddy by 28.0% during the third quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company’s stock worth $6,907,000 after buying an additional 9,631 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in GoDaddy by 39.6% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company’s stock worth $9,410,000 after buying an additional 17,021 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its stake in GoDaddy by 205.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after buying an additional 3,783 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Up 0.2 %

Shares of NYSE GDDY opened at $176.99 on Thursday. The company’s 50 day simple moving average is $200.04 and its 200 day simple moving average is $181.59. GoDaddy Inc. has a fifty-two week low of $108.38 and a fifty-two week high of $216.00. The firm has a market capitalization of $24.85 billion, a P/E ratio of 27.44 and a beta of 1.15. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The business had revenue of $1.19 billion during 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, analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $194.28, for a total value of $194,280.00. Following the sale, the chief operating officer now directly owns 182,632 shares in the company, valued at approximately $35,481,744.96. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Phontip Palitwanon sold 770 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the sale, the chief accounting officer now owns 23,059 shares in the company, valued at approximately $4,534,321.76. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,482 shares of company stock worth $4,903,930. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. B. Riley upped their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. StockNews.com cut shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Morgan Stanley upped their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Benchmark upped their target price on shares of GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird upped their target price on shares of GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and a consensus price target of $213.20.

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.