Wealth Enhancement Advisory Services LLC Has $3.31 Million Stock Holdings in GoDaddy Inc. $GDDY

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 167.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,536 shares of the technology company’s stock after acquiring an additional 17,249 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in GoDaddy were worth $3,313,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Hemington Wealth Management lifted its holdings in shares of GoDaddy by 85.9% during the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after purchasing an additional 85 shares during the period. Root Financial Partners LLC bought a new position in GoDaddy during the 3rd quarter worth $31,000. Brown Brothers Harriman & Co. lifted its holdings in GoDaddy by 145.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock worth $35,000 after buying an additional 150 shares during the period. Rossby Financial LCC lifted its holdings in GoDaddy by 125.4% during the 3rd quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock worth $38,000 after buying an additional 158 shares during the period. Finally, Bayforest Capital Ltd grew its position in shares of GoDaddy by 141.5% in the 3rd quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock valued at $49,000 after buying an additional 208 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other news, Director Leah Sweet sold 650 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $86.86, for a total transaction of $56,459.00. Following the transaction, the director owned 11,414 shares of the company’s stock, valued at $991,420.04. This represents a 5.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Phontip Palitwanon sold 1,310 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $90.15, for a total value of $118,096.50. Following the completion of the sale, the chief accounting officer owned 20,349 shares of the company’s stock, valued at approximately $1,834,462.35. This represents a 6.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,918 shares of company stock worth $5,500,469 over the last three months. 0.70% of the stock is currently owned by company insiders.

GoDaddy Price Performance

Shares of GDDY opened at $82.62 on Wednesday. The firm has a market cap of $11.02 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96. GoDaddy Inc. has a 52-week low of $73.06 and a 52-week high of $193.55. The business’s 50 day moving average price is $90.61 and its two-hundred day moving average price is $115.23. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.61 and a current ratio of 0.61.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.22. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. GoDaddy’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. On average, equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GDDY. Cantor Fitzgerald lowered their price objective on GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Evercore set a $95.00 target price on GoDaddy in a report on Wednesday, February 25th. UBS Group lowered their price target on shares of GoDaddy from $145.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Barclays dropped their price target on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Citigroup decreased their price objective on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $125.57.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.