Hengehold Capital Management LLC Buys Shares of 2,074 GoDaddy Inc. (NYSE:GDDY)

Hengehold Capital Management LLC bought a new stake in GoDaddy Inc. (NYSE:GDDY) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 2,074 shares of the technology company’s stock, valued at approximately $246,000.

Other hedge funds also recently made changes to their positions in the company. Fiera Capital Corp grew its position in shares of GoDaddy by 1.3% in the fourth quarter. Fiera Capital Corp now owns 828,124 shares of the technology company’s stock valued at $87,914,000 after purchasing an additional 10,312 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in GoDaddy during the fourth quarter worth about $4,204,000. International Assets Investment Management LLC purchased a new position in GoDaddy during the fourth quarter worth about $1,972,000. SG Americas Securities LLC grew its position in GoDaddy by 644.6% during the fourth quarter. SG Americas Securities LLC now owns 149,643 shares of the technology company’s stock worth $15,886,000 after buying an additional 129,547 shares in the last quarter. Finally, Horrell Capital Management Inc. grew its position in GoDaddy by 41.7% during the fourth quarter. Horrell Capital Management Inc. now owns 68,000 shares of the technology company’s stock worth $7,219,000 after buying an additional 20,000 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GDDY has been the subject of several recent analyst reports. UBS Group boosted their target price on GoDaddy from $118.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Robert W. Baird boosted their target price on GoDaddy from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Citigroup boosted their target price on GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Morgan Stanley boosted their target price on GoDaddy from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, Benchmark restated a “buy” rating and set a $150.00 target price on shares of GoDaddy in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.92.

GoDaddy Trading Up 0.4 %

Shares of NYSE GDDY traded up $0.49 during midday trading on Thursday, reaching $140.31. The company had a trading volume of 1,074,360 shares, compared to its average volume of 1,684,690. GoDaddy Inc. has a one year low of $69.18 and a one year high of $142.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. The firm’s fifty day moving average price is $134.33 and its 200-day moving average price is $119.92. The stock has a market cap of $20.02 billion, a PE ratio of 11.65 and a beta of 1.10.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, May 2nd. The technology company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. GoDaddy had a negative return on equity of 186.09% and a net margin of 40.38%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, equities research analysts anticipate that GoDaddy Inc. will post 4.82 earnings per share for the current year.

Insider Activity

In other news, CAO Nick Daddario sold 7,278 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $138.92, for a total value of $1,011,059.76. Following the completion of the sale, the chief accounting officer now owns 18,388 shares of the company’s stock, valued at approximately $2,554,460.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $138.92, for a total transaction of $1,055,792.00. Following the completion of the transaction, the chief executive officer now owns 369,898 shares of the company’s stock, valued at approximately $51,386,230.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nick Daddario sold 7,278 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $138.92, for a total value of $1,011,059.76. Following the transaction, the chief accounting officer now directly owns 18,388 shares of the company’s stock, valued at approximately $2,554,460.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,195 shares of company stock valued at $6,237,029. Insiders own 0.61% of the company’s stock.

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.