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

Annex Advisory Services LLC lowered its position in GoDaddy Inc. (NYSE:GDDY) by 98.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,083 shares of the technology company’s stock after selling 125,236 shares during the period. Annex Advisory Services LLC’s holdings in GoDaddy were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bayforest Capital Ltd acquired a new stake in GoDaddy during the 2nd quarter valued at approximately $26,000. NewSquare Capital LLC raised its holdings in shares of GoDaddy by 170.9% during the second 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 GoDaddy during the first quarter valued at $36,000. Steph & Co. purchased a new stake in GoDaddy in the second quarter valued at $55,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in GoDaddy by 252.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 345 shares of the technology company’s stock worth $62,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Down 0.5%

Shares of GDDY stock opened at $126.48 on Tuesday. GoDaddy Inc. has a 1-year low of $121.94 and a 1-year high of $216.00. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.42 and a beta of 0.95. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50 day simple moving average of $128.55 and a 200-day simple moving average of $145.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 231.34%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 EPS. On average, equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GDDY. UBS Group decreased their price objective on GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. B. Riley cut their target price on shares of GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” 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 assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.14.

Insider Activity at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,932 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $886,880.08. Following the completion of the sale, the chief executive officer directly owned 399,133 shares in the company, valued at approximately $51,065,076.02. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 3,317 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were 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 approximately $8,548,439.04. This trade represents a 4.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,615 shares of company stock worth $1,877,942 over the last three months. Company insiders own 0.70% of the company’s stock.

GoDaddy Company 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.