Seizert Capital Partners LLC Sells 27,447 Shares of GoDaddy Inc. (NYSE:GDDY)

Seizert Capital Partners LLC decreased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 50.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,386 shares of the technology company’s stock after selling 27,447 shares during the quarter. Seizert Capital Partners LLC’s holdings in GoDaddy were worth $5,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GDDY. Ashton Thomas Securities LLC bought a new stake in GoDaddy in the third quarter worth $27,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the 3rd quarter valued at about $31,000. Versant Capital Management Inc purchased a new stake in GoDaddy during the 4th quarter valued at about $43,000. Huntington National Bank grew its position in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after acquiring an additional 230 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in GoDaddy in the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GDDY. JPMorgan Chase & Co. raised their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Piper Sandler boosted their price objective on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company began coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 target price for the company. Barclays boosted their price target on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, UBS Group boosted their target price on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.20.

GoDaddy Trading Down 0.7 %

GoDaddy stock opened at $176.46 on Wednesday. GoDaddy Inc. has a 12-month low of $108.38 and a 12-month high of $216.00. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 27.36 and a beta of 1.15. The firm has a 50 day moving average of $197.35 and a 200 day moving average of $182.15. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. As a group, research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Activity

In other news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the transaction, the chief operating officer now owns 184,632 shares in the company, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 1,554 shares of GoDaddy stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $203.90, for a total value of $316,860.60. Following the completion of the sale, the chief accounting officer now directly owns 21,505 shares in the company, valued at $4,384,869.50. This trade represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,034 shares of company stock worth $4,166,030 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

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.