<div id="readability-page-1"><p>Douglas Lane &amp; Associates LLC trimmed its holdings in  GoDaddy Inc. (NYSE:GDDY - Free Report) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 668,472 shares of the technology company's stock after selling 22,113 shares during the period. GoDaddy comprises about  1.3% of Douglas Lane &amp; Associates LLC's holdings, making the stock its 19th largest position. Douglas Lane &amp; Associates LLC owned approximately 0.48% of GoDaddy worth $91,467,000 at the end of the most recent quarter.</p><ul><li>Web Development Stock Surges as AI Offerings Accelerate Revenues</li></ul><p>A number of other hedge funds have also recently made changes to their positions in GDDY. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in  GoDaddy by 20.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company's stock worth $17,888,000 after acquiring an additional 17,200 shares during the period.  Nomura Asset Management Co. Ltd. increased its position in shares of  GoDaddy by 14.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 86,648 shares of the technology company's stock valued at $15,602,000 after purchasing an additional 10,631 shares during the last quarter.  GDS Wealth Management increased its position in shares of  GoDaddy by 16.3% during the 2nd quarter. GDS Wealth Management now owns 59,940 shares of the technology company's stock valued at $10,793,000 after purchasing an additional 8,388 shares during the last quarter.  Quantbot Technologies LP bought a new stake in shares of  GoDaddy during the 2nd quarter worth $15,659,000.  Finally, Neo Ivy Capital Management purchased a new position in shares of  GoDaddy in the 2nd quarter worth about $470,000. 90.28% of the stock is currently owned by institutional investors and hedge funds. </p><h2>GoDaddy Stock Up 0.5%</h2><p>GDDY opened at $127.35 on Friday. GoDaddy Inc. has a 12 month low of $121.94 and a 12 month high of $216.00. The company has a market cap of $17.21 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.42 and a beta of 0.95. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 41.06. The company has a 50 day moving average of $129.02 and a 200 day moving average of $147.47. </p><ul><li>Is GoDaddy Stock a Smart Addition to Your Portfolio?</li></ul><p>GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. GoDaddy had a return on equity of 231.34% and a net margin of 17.01%.The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $1.32 earnings per share. The business's quarterly revenue was up 10.3% on a year-over-year basis.  On average, sell-side analysts expect that  GoDaddy Inc. will post 6.63 EPS for the current year. </p><h2>Insider Buying and Selling</h2><p>In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of the firm's stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $424,376.98. Following the completion of the transaction, the chief financial officer owned 66,816 shares in the company, valued at $8,548,439.04. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $133.11, for a total value of $66,555.00. Following the sale, the director owned 19,957 shares in the company, valued at approximately $2,656,476.27. This represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 14,615 shares of company stock worth $1,877,942. Company insiders own  0.70% of the company's stock. </p><h2>Analyst Ratings Changes</h2><ul><li>Palantir Was Left Out of the S&amp;P 500; It Still Looks Like a Buy</li></ul><p>A number of analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of GoDaddy from $214.00 to $195.00 and set a &#34;buy&#34; rating for the company in a report on Friday, October 31st. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of GoDaddy in a report on Friday, October 31st. JPMorgan Chase &amp; Co. reduced their price objective on GoDaddy from $222.00 to $200.00 and set an &#34;overweight&#34; rating for the company in a report on Friday, October 31st. Morgan Stanley  set a $159.00 target price on GoDaddy in a research report on Friday, October 31st. Finally, Cantor Fitzgerald  restated a &#34;neutral&#34; rating and issued a $150.00 target price on shares of GoDaddy in a research note on Friday, October 31st. One research analyst  has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned  a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $181.14.</p><p><b>Get Our Latest Report on GoDaddy</b></p><h2>GoDaddy Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than GoDaddy</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>What is the Dogs of the Dow Strategy? Overview and Examples</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>3 Must-Buy Warren Buffett Stocks for Volatile Times</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><strong>Want to see what other hedge funds are holding GDDY?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoDaddy Inc. (NYSE:GDDY - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdERFk?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdERFk"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in GoDaddy Right Now?</h2><p>Before you consider GoDaddy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GoDaddy wasn't on the list.</p><p>While GoDaddy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GDDY

<p>Douglas Lane & Associates LLC reduced its stake in GoDaddy Inc. by 3.2% in Q3, selling 22,113 shares. GoDaddy's stock opened at $127.35, with a 12-month range of $121.94 to $216.00. The company reported Q3 earnings of $1.51 per share, slightly above estimates, with revenue up 10.3% year-over-year. Insider sales and analyst ratings changes were also noted.</p>

Douglas Lane & Associates LLC Sells 22,113 Shares of GoDaddy Inc. $GDDY