GoDaddy Inc. $GDDY Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC decreased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 98.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,083 shares of the technology company’s stock after selling 125,236 shares during the quarter. Annex Advisory Services LLC’s holdings in GoDaddy were worth $285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in GoDaddy during the 2nd quarter valued at about $26,000. NewSquare Capital LLC boosted its holdings in shares of GoDaddy by 170.9% during the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of GoDaddy during the 1st quarter worth approximately $36,000. Steph & Co. purchased a new stake in shares of GoDaddy in the second quarter valued at approximately $55,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of GoDaddy by 252.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 345 shares of the technology company’s stock valued at $62,000 after purchasing an additional 247 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Down 0.5%

Shares of NYSE:GDDY opened at $126.48 on Tuesday. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.42 and a beta of 0.95. GoDaddy Inc. has a 12-month low of $121.94 and a 12-month high of $216.00. The business has a 50-day moving average price of $128.55 and a 200 day moving average price of $145.00. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 41.06.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 231.34%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business earned $1.32 earnings per share. Sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analyst Weigh In

GDDY has been the topic of a number of recent research reports. UBS Group lowered their price objective on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a research report on Friday, October 31st. Wells Fargo & Company dropped their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. cut their price objective on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Benchmark reiterated a “buy” rating on shares of GoDaddy in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.14.

Insider Activity at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 2,397 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total value of $307,870.68. Following the sale, the chief accounting officer owned 17,055 shares of the company’s stock, valued at $2,190,544.20. The trade was a 12.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $886,880.08. Following the transaction, the chief executive officer owned 399,133 shares in the company, valued at $51,065,076.02. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,615 shares of company stock worth $1,877,942 over the last quarter. Company insiders own 0.70% of the company’s stock.

About GoDaddy

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.