GoDaddy Inc. (NYSE:GDDY) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in GoDaddy Inc. (NYSE:GDDY) by 36.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,119 shares of the technology company’s stock after selling 18,647 shares during the quarter. Stifel Financial Corp’s holdings in GoDaddy were worth $5,192,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GDDY. Ashton Thomas Securities LLC purchased a new stake in shares of GoDaddy during the 3rd quarter valued at $27,000. Transcendent Capital Group LLC purchased a new stake in shares of GoDaddy during the 2nd quarter worth about $28,000. ORG Wealth Partners LLC acquired a new stake in GoDaddy during the 3rd quarter worth approximately $30,000. ORG Partners LLC purchased a new position in shares of GoDaddy in the 2nd quarter valued at $32,000. Finally, International Assets Investment Management LLC acquired a new position in shares of GoDaddy during the 2nd quarter valued at $36,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Price Performance

Shares of GDDY opened at $206.78 on Friday. GoDaddy Inc. has a 12 month low of $99.90 and a 12 month high of $210.30. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a fifty day moving average price of $180.63 and a 200 day moving average price of $160.44. The company has a market cap of $29.03 billion, a P/E ratio of 15.98 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.89 EPS. GoDaddy’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GDDY has been the topic of several research reports. Benchmark raised their price objective on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays upped their price target on GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price objective on shares of GoDaddy in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.57.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 2,678 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $526,601.92. Following the transaction, the chief financial officer now owns 89,800 shares in the company, valued at $17,658,272. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Phontip Palitwanon sold 770 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the sale, the chief accounting officer now owns 23,059 shares of the company’s stock, valued at $4,534,321.76. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,503 shares of company stock valued at $4,102,853 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

About GoDaddy

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.