West Family Investments Inc. Purchases 455 Shares of GoDaddy Inc. (NYSE:GDDY)

West Family Investments Inc. boosted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,817 shares of the technology company’s stock after purchasing an additional 455 shares during the quarter. West Family Investments Inc.’s holdings in GoDaddy were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth about $27,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth about $31,000. Versant Capital Management Inc acquired a new position in shares of GoDaddy during the 4th quarter worth about $43,000. Huntington National Bank grew its position in shares of 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 buying an additional 230 shares during the period. Finally, Friedenthal Financial acquired a new position in shares of GoDaddy during the 4th quarter worth about $49,000. 90.28% of the stock is owned by institutional investors.

Insider Transactions at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $207.35, for a total transaction of $207,350.00. Following the sale, the chief operating officer now owns 184,632 shares in the company, valued at $38,283,445.20. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Mccaffrey sold 480 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $201.29, for a total value of $96,619.20. Following the sale, the chief financial officer now owns 83,254 shares in the company, valued at approximately $16,758,197.66. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,034 shares of company stock worth $4,166,030 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Trading Up 2.0 %

NYSE GDDY opened at $175.52 on Friday. The stock has a market capitalization of $24.81 billion, a price-to-earnings ratio of 27.21 and a beta of 1.15. The stock’s 50 day moving average price is $195.50 and its two-hundred day moving average price is $182.12. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a 52 week low of $112.49 and a 52 week high of $216.00.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GDDY. Piper Sandler boosted their target price on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. B. Riley boosted their target price on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays boosted their price objective on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Raymond James boosted their price objective on GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group boosted their price objective on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $213.20.

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.