GoDaddy Inc. (NYSE:GDDY) Shares Sold by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT decreased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,851 shares of the technology company’s stock after selling 105 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in GoDaddy were worth $333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC grew its stake in GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock worth $402,000 after buying an additional 293 shares during the period. Sowell Financial Services LLC purchased a new stake in GoDaddy during the first quarter worth approximately $291,000. DAVENPORT & Co LLC grew its stake in GoDaddy by 7.7% during the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock worth $354,000 after buying an additional 141 shares during the period. Optimist Retirement Group LLC grew its stake in GoDaddy by 5.8% during the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock worth $274,000 after buying an additional 84 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in GoDaddy by 13.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company’s stock worth $1,060,000 after buying an additional 699 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 625 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $177.08, for a total transaction of $110,675.00. Following the sale, the chief financial officer directly owned 73,459 shares of the company’s stock, valued at approximately $13,008,119.72. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leah Sweet sold 650 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total transaction of $91,741.00. Following the sale, the director directly owned 12,064 shares in the company, valued at $1,702,712.96. This trade represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,881 shares of company stock valued at $5,725,860 in the last ninety days. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GDDY. Barclays decreased their target price on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Wells Fargo & Company cut their price target on shares of GoDaddy from $198.00 to $157.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Citigroup cut their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Benchmark reaffirmed a “buy” rating on shares of GoDaddy in a report on Monday, April 28th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

GoDaddy Stock Up 1.7%

Shares of NYSE:GDDY opened at $146.12 on Friday. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. GoDaddy Inc. has a 1-year low of $132.51 and a 1-year high of $216.00. The company’s fifty day moving average is $167.44 and its two-hundred day moving average is $177.32. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.56 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. Equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

GoDaddy 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.