Greenleaf Trust Buys 126 Shares of GoDaddy Inc. (NYSE:GDDY)

Greenleaf Trust lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 3.5% in the 4th quarter, Holdings Channel reports. The fund owned 3,708 shares of the technology company’s stock after acquiring an additional 126 shares during the quarter. Greenleaf Trust’s holdings in GoDaddy were worth $732,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its stake in GoDaddy by 2,279.5% in the third quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company’s stock valued at $62,908,000 after acquiring an additional 384,386 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in GoDaddy by 3,227.3% in the third quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock valued at $56,709,000 after acquiring an additional 350,839 shares during the last quarter. FMR LLC lifted its stake in GoDaddy by 19.8% in the third quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock valued at $260,299,000 after acquiring an additional 274,014 shares during the last quarter. Intech Investment Management LLC lifted its stake in GoDaddy by 498.7% in the third quarter. Intech Investment Management LLC now owns 253,367 shares of the technology company’s stock valued at $39,723,000 after acquiring an additional 211,051 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in GoDaddy by 17.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company’s stock valued at $214,584,000 after acquiring an additional 203,909 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

GDDY stock opened at $210.65 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy Inc. has a 12 month low of $107.47 and a 12 month high of $216.00. The firm has a market cap of $29.57 billion, a P/E ratio of 16.28 and a beta of 1.15. The company’s 50-day moving average price is $203.41 and its two-hundred day moving average price is $176.82.

Insider Buying and Selling at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,317,659. This trade represents a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the sale, the chief operating officer now owns 184,632 shares in the company, valued at approximately $38,283,445.20. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,483 shares of company stock valued at $4,256,183 in the last ninety days. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on GDDY shares. Wells Fargo & Company started coverage on shares of GoDaddy in a research note on Monday. They issued an “equal weight” rating and a $198.00 price target for the company. Robert W. Baird increased their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Piper Sandler increased their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley increased their price objective on shares of GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, StockNews.com lowered 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and an average price target of $198.07.

GoDaddy Company 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.