GoDaddy Inc. $GDDY Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,715 shares of the technology company’s stock after selling 7,890 shares during the quarter. Aberdeen Group plc owned 0.06% of GoDaddy worth $9,519,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GDDY. Hemington Wealth Management raised its position in GoDaddy by 85.9% in the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Root Financial Partners LLC acquired a new stake in GoDaddy in the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. raised its position in GoDaddy by 145.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock valued at $35,000 after purchasing an additional 150 shares in the last quarter. Rossby Financial LCC grew its stake in shares of GoDaddy by 125.4% during the third quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Finally, Bayforest Capital Ltd grew its stake in shares of GoDaddy by 141.5% during the third quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock worth $49,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Up 0.6%

Shares of NYSE GDDY opened at $83.33 on Wednesday. The stock has a market cap of $11.11 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.72 and a beta of 0.98. 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 Inc. has a 52-week low of $73.06 and a 52-week high of $193.55. The business has a 50-day moving average price of $88.34 and a 200 day moving average price of $113.01.

GoDaddy (NYSE:GDDY) last announced its earnings results on Tuesday, February 24th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.22. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. Equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GDDY shares. Barclays lowered their target price on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Citigroup lowered their target price on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Cantor Fitzgerald lowered their target price on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Jefferies Financial Group lowered their target price on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Finally, Evercore set a $95.00 target price on shares of GoDaddy in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.57.

Insider Transactions at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 17,406 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 value of $1,548,959.94. Following the transaction, the chief financial officer directly owned 113,003 shares in the company, valued at approximately $10,056,136.97. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $86.86, for a total transaction of $56,459.00. Following the completion of the transaction, the director owned 11,414 shares in the company, valued at approximately $991,420.04. This represents a 5.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,918 shares of company stock valued at $5,500,469 in the last 90 days. Company insiders own 0.70% of the company’s stock.

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.