Barclays PLC Reduces Holdings in GoDaddy Inc. (NYSE:GDDY)

Barclays PLC lessened its position in shares of GoDaddy Inc. (NYSE:GDDY) by 51.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215,143 shares of the technology company’s stock after selling 232,282 shares during the quarter. Barclays PLC owned about 0.15% of GoDaddy worth $42,462,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy during the third quarter valued at about $31,000. Versant Capital Management Inc acquired a new stake in GoDaddy in the 4th quarter valued at approximately $43,000. Rakuten Securities Inc. raised its position in GoDaddy by 311.3% in the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 165 shares during the period. Friedenthal Financial acquired a new position in GoDaddy during the fourth quarter worth $49,000. Finally, OFI Invest Asset Management purchased a new position in shares of GoDaddy during the fourth quarter worth $52,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Trading Down 0.4 %

Shares of GoDaddy stock opened at $171.55 on Friday. The company has a fifty day simple moving average of $177.83 and a 200-day simple moving average of $185.59. GoDaddy Inc. has a 12-month low of $119.76 and a 12-month high of $216.00. 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 stock has a market cap of $24.25 billion, a price-to-earnings ratio of 26.60 and a beta of 1.19.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The firm 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%. On average, equities analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GDDY. Piper Sandler increased their target price on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Raymond James lifted their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Jefferies Financial Group cut their price objective on GoDaddy from $200.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, April 7th. Finally, UBS Group lifted 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. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $210.73.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $194.28, for a total value of $194,280.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the transaction, the director now directly owns 22,621 shares in the company, valued at approximately $4,698,381.70. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,000 shares of company stock worth $3,518,150. 0.61% of the stock is owned by insiders.

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.