Kathmere Capital Management LLC Increases Stock Position in GoDaddy Inc. (NYSE:GDDY)

Kathmere Capital Management LLC grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,301 shares of the technology company’s stock after purchasing an additional 168 shares during the period. Kathmere Capital Management LLC’s holdings in GoDaddy were worth $652,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GDDY. Principal Financial Group Inc. grew its holdings 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 acquiring an additional 6,424 shares during the period. Highland Capital Management LLC purchased a new stake in shares of GoDaddy during the 3rd quarter worth $1,132,000. CWA Asset Management Group LLC grew its stake 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 purchasing an additional 3,631 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of GoDaddy by 28.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 44,054 shares of the technology company’s stock valued at $6,907,000 after purchasing an additional 9,631 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd lifted its stake in shares of 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price on shares of GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. B. Riley boosted their target price on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup lifted their price target on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Five 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.14.

GoDaddy Trading Up 0.8 %

Shares of GDDY opened at $199.01 on Thursday. GoDaddy Inc. has a fifty-two week low of $103.64 and a fifty-two week high of $211.11. The company has a market capitalization of $27.94 billion, a PE ratio of 15.38 and a beta of 1.15. The stock has a fifty day moving average of $197.87 and a two-hundred day moving average of $170.37. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.

GoDaddy (NYSE:GDDY) last released its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current year.

Insider Transactions at GoDaddy

In related news, 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 value of $151,412.80. Following the transaction, the chief accounting officer now directly owns 23,059 shares of the company’s stock, valued at approximately $4,534,321.76. This trade represents a 3.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now directly owns 24,121 shares of the company’s stock, valued at approximately $4,317,659. This trade represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,003 shares of company stock worth $4,462,363 in the last three months. Company insiders own 0.61% of the company’s stock.

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.