GoDaddy Inc. $GDDY Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in GoDaddy Inc. (NYSE:GDDY) by 59.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,492 shares of the technology company’s stock after selling 33,838 shares during the period. Hantz Financial Services Inc.’s holdings in GoDaddy were worth $2,915,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GDDY. Ameriprise Financial Inc. increased its holdings in GoDaddy by 47.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock valued at $483,360,000 after purchasing an additional 1,128,646 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of GoDaddy by 99.7% in the third quarter. Two Sigma Investments LP now owns 1,631,100 shares of the technology company’s stock valued at $223,183,000 after buying an additional 814,360 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of GoDaddy by 318.6% in the third quarter. Victory Capital Management Inc. now owns 735,452 shares of the technology company’s stock valued at $100,632,000 after buying an additional 559,757 shares in the last quarter. Swedbank AB grew its stake in shares of GoDaddy by 433.9% in the fourth quarter. Swedbank AB now owns 645,754 shares of the technology company’s stock valued at $80,125,000 after buying an additional 524,811 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of GoDaddy by 85.2% in the third quarter. BNP Paribas Financial Markets now owns 894,243 shares of the technology company’s stock valued at $122,359,000 after buying an additional 411,349 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Down 1.9%

GDDY opened at $88.76 on Wednesday. GoDaddy Inc. has a 12 month low of $73.06 and a 12 month high of $184.71. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.81 and a beta of 0.92. The company has a debt-to-equity ratio of 15.86, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day moving average price of $85.12 and a 200 day moving average price of $101.89.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, April 30th. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.53 by $0.07. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $1.51 EPS. GoDaddy’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts expect that GoDaddy Inc. will post 7.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanpal Singh Bhutani sold 34,148 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total transaction of $3,038,830.52. Following the completion of the transaction, the chief executive officer directly owned 530,120 shares of the company’s stock, valued at approximately $47,175,378.80. The trade was a 6.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 17,406 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,056,136.97. This represents a 13.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 61,946 shares of company stock valued at $5,502,965. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several research reports. Cantor Fitzgerald dropped their target price on GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Citigroup dropped their target price on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Evercore set a $95.00 target price on GoDaddy in a research report on Wednesday, February 25th. Barclays dropped their price objective on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, Wells Fargo & Company lifted their price objective on shares of GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.57.

GoDaddy 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.