Vanguard Personalized Indexing Management LLC Purchases 2,227 Shares of GoDaddy Inc. (NYSE:GDDY)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 18.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,998 shares of the technology company’s stock after acquiring an additional 2,227 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in GoDaddy were worth $1,956,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in shares of GoDaddy during the 2nd quarter worth about $28,000. ORG Partners LLC bought a new stake in GoDaddy during the second quarter worth approximately $32,000. V Square Quantitative Management LLC acquired a new position in GoDaddy during the fourth quarter valued at approximately $28,000. International Assets Investment Management LLC bought a new position in shares of GoDaddy in the second quarter valued at approximately $36,000. Finally, GAMMA Investing LLC raised its position in shares of GoDaddy by 102.3% in the first quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 133 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other GoDaddy news, COO Roger Chen sold 4,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.79, for a total value of $559,160.00. Following the transaction, the chief operating officer now directly owns 192,632 shares in the company, valued at $26,928,027.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other GoDaddy news, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.79, for a total value of $559,160.00. Following the completion of the transaction, the chief operating officer now owns 192,632 shares in the company, valued at approximately $26,928,027.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sigal Zarmi sold 400 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the transaction, the director now directly owns 4,661 shares in the company, valued at approximately $734,620.21. The disclosure for this sale can be found here. Insiders sold 31,744 shares of company stock worth $4,816,386 in the last quarter. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GDDY shares. Cantor Fitzgerald initiated coverage on shares of GoDaddy in a research note on Thursday, September 5th. They issued a “neutral” rating and a $170.00 target price on the stock. Piper Sandler increased their price objective on GoDaddy from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on shares of GoDaddy from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Citigroup increased their price target on shares of GoDaddy from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, Benchmark upped their price objective on shares of GoDaddy from $170.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $164.08.

GoDaddy Trading Up 0.3 %

GDDY stock opened at $160.55 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. The firm has a market cap of $22.91 billion, a P/E ratio of 13.33 and a beta of 1.13. GoDaddy Inc. has a 1-year low of $71.15 and a 1-year high of $167.65. The business’s 50 day moving average is $154.36 and its 200-day moving average is $138.90.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.06). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. GoDaddy had a negative return on equity of 709.73% and a net margin of 41.12%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. Equities analysts anticipate that GoDaddy Inc. will post 5.06 earnings per share for the current fiscal year.

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.