111 Capital Has $362,000 Stake in GoDaddy Inc. $GDDY

111 Capital reduced its position in shares of GoDaddy Inc. (NYSE:GDDY) by 73.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,645 shares of the technology company’s stock after selling 7,253 shares during the quarter. 111 Capital’s holdings in GoDaddy were worth $362,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GDDY. Hemington Wealth Management increased its stake in shares of GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after purchasing an additional 85 shares during the last quarter. NewSquare Capital LLC lifted its stake in GoDaddy by 170.9% in the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Root Financial Partners LLC bought a new position in GoDaddy during the third quarter worth about $31,000. Rossby Financial LCC grew its holdings in GoDaddy by 125.4% during the third quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock worth $38,000 after purchasing an additional 158 shares during the period. Finally, Bayforest Capital Ltd increased its position in GoDaddy by 141.5% during the third quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock worth $49,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group cut their price objective on GoDaddy from $145.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Evercore set a $95.00 price target on GoDaddy in a research note on Wednesday, February 25th. Citigroup cut their price target on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Cantor Fitzgerald reduced their price objective on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada decreased their price objective on shares of GoDaddy from $200.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.93.

Insider Activity

In related news, CAO Phontip Palitwanon sold 2,397 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total transaction 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. This represents a 12.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

GoDaddy Trading Up 1.3%

GDDY stock opened at $89.34 on Wednesday. GoDaddy Inc. has a 52 week low of $73.06 and a 52 week high of $193.55. The company has a market capitalization of $12.07 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96. The company’s 50-day simple moving average is $103.34 and its 200 day simple moving average is $123.87. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.61 and a current ratio of 0.61.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.22. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current 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.