Dimensional Fund Advisors LP Boosts Stake in GoDaddy Inc. $GDDY

Dimensional Fund Advisors LP lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,089,598 shares of the technology company’s stock after acquiring an additional 10,812 shares during the quarter. Dimensional Fund Advisors LP owned 0.81% of GoDaddy worth $149,135,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in GoDaddy by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 18,912,182 shares of the technology company’s stock valued at $2,587,754,000 after purchasing an additional 150,045 shares in the last quarter. Geode Capital Management LLC raised its position in shares of GoDaddy by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock valued at $677,726,000 after purchasing an additional 81,623 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of GoDaddy by 1.8% during the 3rd quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company’s stock valued at $529,395,000 after buying an additional 66,144 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in GoDaddy by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,896,867 shares of the technology company’s stock valued at $396,378,000 after acquiring an additional 53,811 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of GoDaddy by 2.3% during the second quarter. Ameriprise Financial Inc. now owns 2,403,902 shares of the technology company’s stock worth $432,847,000 after purchasing an additional 54,438 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore set a $95.00 price objective on GoDaddy in a research note on Wednesday, February 25th. Citigroup reduced their price objective on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Raymond James Financial reissued a “strong-buy” rating and set a $100.00 target price on shares of GoDaddy in a research note on Wednesday, February 25th. Barclays decreased their price objective on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, Wells Fargo & Company decreased their price target on GoDaddy from $145.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.93.

GoDaddy Stock Down 1.7%

Shares of GoDaddy stock opened at $90.12 on Wednesday. The stock’s fifty day moving average is $99.82 and its 200-day moving average is $121.97. The firm has a market capitalization of $12.02 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.84 and a beta of 0.96. GoDaddy Inc. has a 12-month low of $73.06 and a 12-month high of $193.55. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 17.50.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.22. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The business’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 company earned $1.36 EPS. Equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Activity at GoDaddy

In related news, CAO Phontip Palitwanon sold 766 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $87.83, for a total transaction of $67,277.78. Following the completion of the sale, the chief accounting officer directly owned 21,659 shares in the company, valued at approximately $1,902,309.97. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of GoDaddy stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total transaction of $3,038,830.52. Following the sale, the chief executive officer directly owned 530,120 shares of the company’s stock, valued at $47,175,378.80. This trade represents a 6.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,608 shares of company stock valued at $5,382,373 over the last ninety days. 0.70% of the stock is owned by company insiders.

GoDaddy 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.