44,594 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,594 shares of the technology company’s stock, valued at approximately $6,230,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in GoDaddy in the second quarter valued at about $28,000. ORG Partners LLC acquired a new position in shares of GoDaddy during the 2nd quarter worth approximately $32,000. V Square Quantitative Management LLC acquired a new position in shares of GoDaddy during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new stake in GoDaddy in the 2nd quarter worth approximately $36,000. Finally, GAMMA Investing LLC grew its stake in GoDaddy by 102.3% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Citigroup upped their price target on shares of GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. upped their price objective on shares of GoDaddy from $136.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Barclays increased their price target on shares of GoDaddy from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Raymond James increased their price target on shares of GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.58.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 2,687 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total transaction of $371,047.83. Following the completion of the sale, the chief financial officer now directly owns 106,786 shares in the company, valued at $14,746,078.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other GoDaddy news, CFO Mark Mccaffrey sold 2,687 shares of GoDaddy stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total transaction of $371,047.83. Following the completion of the sale, the chief financial officer now owns 106,786 shares of the company’s stock, valued at approximately $14,746,078.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leah Sweet sold 1,000 shares of GoDaddy stock in a transaction on Monday, June 10th. The shares were sold at an average price of $141.59, for a total transaction of $141,590.00. Following the sale, the director now directly owns 11,317 shares of the company’s stock, valued at approximately $1,602,374.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,913 shares of company stock worth $7,416,831. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $167.41 on Friday. The firm’s 50 day moving average is $150.52 and its two-hundred day moving average is $134.38. GoDaddy Inc. has a 52 week low of $71.15 and a 52 week high of $167.65. The firm has a market capitalization of $23.89 billion, a P/E ratio of 13.90 and a beta of 1.14. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 9.15.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). GoDaddy had a net margin of 41.12% and a negative return on equity of 363.95%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.63 EPS. GoDaddy’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that GoDaddy Inc. will post 4.81 earnings per share for the current year.

GoDaddy Company Profile

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.