Range Financial Group LLC Has $458,000 Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Range Financial Group LLC increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 14.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,541 shares of the technology company’s stock after purchasing an additional 327 shares during the period. Range Financial Group LLC’s holdings in GoDaddy were worth $458,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of GoDaddy during the 4th quarter worth approximately $25,554,000. Jones Financial Companies Lllp boosted its position in shares of GoDaddy by 68.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock worth $243,000 after acquiring an additional 499 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of GoDaddy by 16.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company’s stock worth $134,000 after acquiring an additional 98 shares in the last quarter. LPL Financial LLC boosted its position in shares of GoDaddy by 22.9% during the 4th quarter. LPL Financial LLC now owns 66,109 shares of the technology company’s stock worth $13,048,000 after acquiring an additional 12,328 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of GoDaddy during the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity

In other news, Director Brian Sharples sold 500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $179.85, for a total transaction of $89,925.00. Following the completion of the sale, the director now directly owns 21,621 shares in the company, valued at $3,888,536.85. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $179.81, for a total transaction of $1,246,442.92. Following the sale, the chief executive officer now owns 431,015 shares of the company’s stock, valued at approximately $77,500,807.15. This trade represents a 1.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,459 shares of company stock valued at $12,214,374. Insiders own 0.61% of the company’s stock.

GoDaddy Price Performance

GDDY stock opened at $182.93 on Monday. The company has a fifty day moving average price of $179.39 and a 200-day moving average price of $189.35. The company has a market capitalization of $26.07 billion, a P/E ratio of 28.36 and a beta of 1.07. GoDaddy Inc. has a 52-week low of $135.73 and a 52-week high of $216.00. 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 (NYSE:GDDY) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.08). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. GoDaddy’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 EPS. As a group, equities analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDDY. Morgan Stanley dropped their price objective on shares of GoDaddy from $228.00 to $206.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. UBS Group increased their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Piper Sandler increased their price objective on shares of GoDaddy from $177.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price objective on shares of GoDaddy from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Finally, Jefferies Financial Group dropped their price objective on shares of GoDaddy from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 7th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $214.86.

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.