Diversified Trust Co. Makes New $1.13 Million Investment in GoDaddy Inc. $GDDY

Diversified Trust Co. acquired a new stake in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, Holdings Channel reports. The firm acquired 9,067 shares of the technology company’s stock, valued at approximately $1,125,000.

Several other large investors also recently added to or reduced their stakes in GDDY. Hemington Wealth Management raised its position in GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of GoDaddy in the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. lifted its holdings in GoDaddy by 145.6% during the third quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock worth $35,000 after buying an additional 150 shares during the period. Rossby Financial LCC boosted its position in GoDaddy by 125.4% during the third quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock valued at $38,000 after purchasing an additional 158 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in shares of GoDaddy by 141.5% in the 3rd quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock valued at $49,000 after buying an additional 208 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Trading Up 0.1%

Shares of GDDY stock opened at $81.63 on Friday. GoDaddy Inc. has a 1-year low of $73.06 and a 1-year high of $193.55. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.72 and a beta of 0.96. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a 50 day simple moving average of $91.96 and a 200-day simple moving average of $117.04.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.22. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. GoDaddy’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. On average, equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GDDY. Barclays decreased their target price on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Evercore set a $95.00 price objective on GoDaddy in a research note on Wednesday, February 25th. Cantor Fitzgerald decreased their target price on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Benchmark cut their price target on GoDaddy from $240.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $100.00 price objective on shares of GoDaddy in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.57.

Insider Buying and Selling at GoDaddy

In other news, CAO Phontip Palitwanon sold 1,310 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $90.15, for a total transaction of $118,096.50. Following the transaction, the chief accounting officer directly owned 20,349 shares in the company, valued at $1,834,462.35. The trade was a 6.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 17,406 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total value of $1,548,959.94. Following the transaction, the chief financial officer directly owned 113,003 shares in the company, valued at $10,056,136.97. This trade represents a 13.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,918 shares of company stock worth $5,500,469 in the last 90 days. 0.70% of the stock is currently owned by insiders.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.