Jump Financial LLC Makes New Investment in GoDaddy Inc. (NYSE:GDDY)

Jump Financial LLC acquired a new position in GoDaddy Inc. (NYSE:GDDY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,205 shares of the technology company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also bought and sold shares of GDDY. Proficio Capital Partners LLC purchased a new position in shares of GoDaddy during the fourth quarter valued at approximately $25,554,000. CWA Asset Management Group LLC raised its stake in GoDaddy by 29.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after buying an additional 3,631 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in GoDaddy in the fourth quarter worth $1,045,000. Mount Yale Investment Advisors LLC grew its stake in shares of GoDaddy by 205.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after acquiring an additional 3,783 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock worth $243,000 after acquiring an additional 499 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Stock Up 1.7 %

GDDY stock opened at $183.44 on Monday. GoDaddy Inc. has a twelve month low of $120.59 and a twelve month high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The stock has a market cap of $25.93 billion, a P/E ratio of 28.44 and a beta of 1.19. The business’s 50-day moving average price is $175.36 and its 200-day moving average price is $186.73.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. On average, equities research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Activity at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $623,100.00. Following the sale, the chief executive officer now owns 330,153 shares of the company’s stock, valued at approximately $68,572,778.10. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the sale, 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. In the last 90 days, insiders have sold 19,000 shares of company stock valued at $3,518,150. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GDDY has been the topic of a number of recent research reports. Citigroup cut their target price on GoDaddy from $260.00 to $234.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group increased their price objective on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Jefferies Financial Group dropped 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. B. Riley increased their price objective on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company initiated coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and a consensus price target of $209.60.

About GoDaddy

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.