Vanguard Personalized Indexing Management LLC Has $2.15 Million Stake in GoDaddy Inc. $GDDY

Vanguard Personalized Indexing Management LLC trimmed its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 26.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,691 shares of the technology company’s stock after selling 5,739 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in GoDaddy were worth $2,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GDDY. GDS Wealth Management increased its stake in shares of GoDaddy by 14.4% in the third quarter. GDS Wealth Management now owns 68,577 shares of the technology company’s stock valued at $9,383,000 after buying an additional 8,637 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of GoDaddy by 145.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 76,199 shares of the technology company’s stock worth $10,426,000 after purchasing an additional 45,190 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of GoDaddy by 6.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 307,884 shares of the technology company’s stock worth $42,128,000 after purchasing an additional 17,985 shares during the period. UniSuper Management Pty Ltd increased its holdings in GoDaddy by 5.2% in the third quarter. UniSuper Management Pty Ltd now owns 35,155 shares of the technology company’s stock valued at $4,810,000 after purchasing an additional 1,725 shares during the period. Finally, Birch Financial Group LLC raised its position in GoDaddy by 17.3% during the 3rd quarter. Birch Financial Group LLC now owns 1,703 shares of the technology company’s stock worth $233,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $133.11, for a total transaction of $66,555.00. Following the transaction, the director directly owned 19,957 shares of the company’s stock, valued at $2,656,476.27. This represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Phontip Palitwanon sold 2,397 shares of GoDaddy stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the completion of the sale, the chief accounting officer directly owned 17,055 shares of the company’s stock, valued at approximately $2,190,544.20. The trade was a 12.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 14,115 shares of company stock worth $1,809,657. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GDDY. Raymond James Financial restated a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Royal Bank Of Canada set a $70.00 price target on shares of GoDaddy in a research report on Wednesday, January 7th. Cantor Fitzgerald lowered their target price on shares of GoDaddy from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Citigroup cut their price target on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Benchmark reissued a “buy” rating on shares of GoDaddy in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $166.21.

GoDaddy Stock Performance

Shares of GDDY opened at $100.38 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 50-day moving average of $119.07 and a 200-day moving average of $134.49. The company has a market cap of $13.57 billion, a PE ratio of 17.34, a P/E/G ratio of 0.90 and a beta of 0.95. GoDaddy Inc. has a one year low of $98.28 and a one year high of $215.80.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The business 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 firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. On average, equities research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

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.