SG Americas Securities LLC Boosts Holdings in GoDaddy Inc. $GDDY

SG Americas Securities LLC lifted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,951 shares of the technology company’s stock after purchasing an additional 11,609 shares during the period. SG Americas Securities LLC owned about 0.20% of GoDaddy worth $21,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in GoDaddy during the 4th quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new position in GoDaddy in the 4th quarter valued at about $25,000. Activest Wealth Management boosted its position in GoDaddy by 6,600.0% in the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after buying an additional 198 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of GoDaddy by 191.0% during the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock valued at $32,000 after acquiring an additional 170 shares in the last quarter. Finally, Entrust Financial LLC acquired a new stake in shares of GoDaddy during the fourth quarter valued at about $35,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on GDDY shares. Cantor Fitzgerald cut their price target on GoDaddy from $130.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Benchmark dropped their price objective on GoDaddy from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Wells Fargo & Company upped their target price on GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. UBS Group began coverage on shares of GoDaddy in a research report on Tuesday, May 5th. They set a “neutral” rating and a $100.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GoDaddy in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Sigal Zarmi sold 350 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $87.84, for a total transaction of $30,744.00. Following the completion of the sale, the director owned 5,708 shares in the company, valued at $501,390.72. The trade was a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Phontip Palitwanon sold 542 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total transaction of $48,704.12. Following the sale, the chief accounting officer owned 19,995 shares of the company’s stock, valued at approximately $1,796,750.70. The trade was a 2.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 16,751 shares of company stock worth $1,480,228. Company insiders own 0.93% of the company’s stock.

GoDaddy Trading Up 6.9%

Shares of NYSE GDDY opened at $81.34 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86. The stock’s 50 day moving average price is $84.77 and its two-hundred day moving average price is $94.92. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $181.49. The stock has a market capitalization of $10.77 billion, a P/E ratio of 12.87, a PEG ratio of 0.69 and a beta of 0.90.

GoDaddy (NYSE:GDDY) last issued 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 company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm earned $1.51 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, analysts anticipate that GoDaddy Inc. will post 7.13 earnings per share for the current fiscal year.

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.