Williamson Legacy Group LLC Increases Holdings in GoDaddy Inc. (NYSE:GDDY)

Williamson Legacy Group LLC grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,104 shares of the technology company’s stock after buying an additional 285 shares during the period. Williamson Legacy Group LLC’s holdings in GoDaddy were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GDDY. WCM Investment Management LLC lifted its holdings in shares of GoDaddy by 7,083.4% in the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock valued at $678,941,000 after purchasing an additional 3,356,678 shares during the last quarter. Congress Asset Management Co. purchased a new stake in shares of GoDaddy in the 4th quarter valued at about $111,923,000. Mizuho Securities USA LLC lifted its holdings in shares of GoDaddy by 3,227.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock valued at $56,709,000 after purchasing an additional 350,839 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of GoDaddy by 3,836.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 358,465 shares of the technology company’s stock valued at $70,750,000 after purchasing an additional 349,358 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of GoDaddy by 19.8% in the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock valued at $260,299,000 after purchasing an additional 274,014 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $207.35, for a total value of $207,350.00. Following the sale, the chief operating officer now owns 184,632 shares in the company, valued at $38,283,445.20. This represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the sale, the chief financial officer now owns 84,300 shares in the company, valued at approximately $16,776,543. This represents a 6.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,482 shares of company stock worth $4,903,930 in the last quarter. Company insiders own 0.61% of the company’s stock.

GoDaddy Stock Performance

NYSE GDDY opened at $179.77 on Friday. 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 business’s 50 day moving average is $199.02 and its two-hundred day moving average is $181.51. GoDaddy Inc. has a 12-month low of $108.38 and a 12-month high of $216.00. The stock has a market capitalization of $25.24 billion, a price-to-earnings ratio of 27.87 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. Research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. B. Riley boosted their target price on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 14th. Citigroup boosted their target price on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a report on Friday, January 3rd. UBS Group boosted their target price on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Robert W. Baird boosted their price target on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Barclays boosted their price target on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research report 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 given a strong buy rating to the stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

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.