First Trust Advisors LP Has $104.33 Million Stock Holdings in GoDaddy Inc. $GDDY

First Trust Advisors LP reduced its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 579,411 shares of the technology company’s stock after selling 89,980 shares during the period. First Trust Advisors LP owned about 0.41% of GoDaddy worth $104,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its stake in GoDaddy by 13.9% during the second quarter. Guggenheim Capital LLC now owns 9,268 shares of the technology company’s stock worth $1,669,000 after purchasing an additional 1,134 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of GoDaddy by 324.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the technology company’s stock worth $204,000 after buying an additional 864 shares in the last quarter. 1832 Asset Management L.P. bought a new position in shares of GoDaddy during the 2nd quarter worth approximately $2,371,000. Blueshift Asset Management LLC acquired a new stake in GoDaddy in the 2nd quarter valued at $2,190,000. Finally, Quantbot Technologies LP bought a new stake in GoDaddy in the second quarter valued at $15,659,000. Institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,317 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $424,376.98. Following the transaction, the chief financial officer owned 66,816 shares of the company’s stock, valued at $8,548,439.04. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of GoDaddy stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $886,880.08. Following the completion of the sale, the chief executive officer owned 399,133 shares of the company’s stock, valued at approximately $51,065,076.02. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,218 shares of company stock valued at $2,615,781 over the last ninety days. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

GDDY has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a report on Friday, October 31st. Evercore ISI decreased their price objective on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. cut their target price on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $150.00 price target on shares of GoDaddy in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $181.14.

GoDaddy Price Performance

GDDY opened at $128.43 on Friday. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $17.36 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.45 and a beta of 0.95. The company’s 50 day simple moving average is $130.85 and its 200-day simple moving average is $151.63. GoDaddy Inc. has a one year low of $121.94 and a one year high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. Sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

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.