Charles Schwab Investment Management Inc. Purchases 30,102 Shares of GoDaddy Inc. (NYSE:GDDY)

Charles Schwab Investment Management Inc. lifted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 921,633 shares of the technology company’s stock after acquiring an additional 30,102 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of GoDaddy worth $181,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted 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 purchasing an additional 6,424 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in shares of GoDaddy by 29.2% during the 4th 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 in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of GoDaddy by 28.0% during the 3rd 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 boosted its stake 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 buying an additional 17,021 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new position in GoDaddy in the fourth quarter valued at about $1,045,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, December 16th. The shares were sold at an average price of $207.35, for a total value of $207,350.00. Following the completion of the sale, the chief operating officer now directly owns 184,632 shares of the company’s stock, valued at approximately $38,283,445.20. The trade was 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 this hyperlink. Also, CAO Phontip Palitwanon sold 1,554 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $203.90, for a total transaction of $316,860.60. Following the transaction, the chief accounting officer now owns 21,505 shares in the company, valued at $4,384,869.50. This represents a 6.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,034 shares of company stock valued at $4,166,030 in the last ninety days. 0.61% of the stock is owned by company insiders.

GoDaddy Stock Down 2.3 %

GoDaddy stock opened at $172.17 on Friday. The firm has a 50 day moving average price of $196.06 and a two-hundred day moving average price of $182.04. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a 52-week low of $110.59 and a 52-week high of $216.00. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 26.69 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). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Equities analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on GDDY. Piper Sandler raised their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. UBS Group raised their target price on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. B. Riley increased their price target on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $230.00 price objective (up previously from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and an average target price 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.