GoDaddy Inc. (NYSE:GDDY) Holdings Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in GoDaddy Inc. (NYSE:GDDY) by 22.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,726 shares of the technology company’s stock after selling 8,322 shares during the period. Vontobel Holding Ltd.’s holdings in GoDaddy were worth $3,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GDDY. Ingalls & Snyder LLC boosted its holdings in shares of GoDaddy by 0.3% during the fourth quarter. Ingalls & Snyder LLC now owns 41,923 shares of the technology company’s stock worth $4,451,000 after purchasing an additional 120 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of GoDaddy by 7.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,940 shares of the technology company’s stock valued at $144,000 after buying an additional 137 shares during the period. Whittier Trust Co. boosted its stake in shares of GoDaddy by 9.1% during the 3rd quarter. Whittier Trust Co. now owns 1,683 shares of the technology company’s stock valued at $125,000 after buying an additional 141 shares during the period. Quent Capital LLC grew its holdings in shares of GoDaddy by 30.8% during the 4th quarter. Quent Capital LLC now owns 637 shares of the technology company’s stock valued at $68,000 after acquiring an additional 150 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of GoDaddy by 27.4% in the fourth quarter. Fifth Third Bancorp now owns 730 shares of the technology company’s stock worth $77,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Down 0.9 %

GDDY stock opened at $121.29 on Friday. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 12.66 and a beta of 1.12. The company has a 50-day moving average of $117.25 and a two-hundred day moving average of $102.60. GoDaddy Inc. has a 52-week low of $67.43 and a 52-week high of $127.15. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. GoDaddy had a negative return on equity of 89.25% and a net margin of 32.74%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. As a group, equities research analysts anticipate that GoDaddy Inc. will post 4.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GDDY. Robert W. Baird boosted their target price on GoDaddy from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Piper Sandler boosted their price target on GoDaddy from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Raymond James started coverage on shares of GoDaddy in a research report on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 price objective on the stock. Evercore ISI downgraded shares of GoDaddy from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $124.00 price target on shares of GoDaddy in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.18.

Insider Buying and Selling at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 8,687 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $114.11, for a total value of $991,273.57. Following the completion of the sale, the chief executive officer now owns 454,031 shares in the company, valued at $51,809,477.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 8,687 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $114.11, for a total value of $991,273.57. Following the sale, the chief executive officer now owns 454,031 shares of the company’s stock, valued at approximately $51,809,477.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Roger Chen sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $456,440.00. Following the transaction, the chief operating officer now directly owns 208,632 shares of the company’s stock, valued at $23,806,997.52. The disclosure for this sale can be found here. Insiders sold a total of 121,234 shares of company stock valued at $13,534,946 in the last ninety days. Company insiders own 0.54% of the company’s stock.

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.