Lindbrook Capital LLC Purchases 311 Shares of GoDaddy Inc. (NYSE:GDDY)

Lindbrook Capital LLC raised its position in GoDaddy Inc. (NYSE:GDDY) by 74.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 731 shares of the technology company’s stock after buying an additional 311 shares during the quarter. Lindbrook Capital LLC’s holdings in GoDaddy were worth $78,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GDDY. abrdn plc boosted its stake in shares of GoDaddy by 90.0% in the 4th quarter. abrdn plc now owns 51,353 shares of the technology company’s stock valued at $5,452,000 after purchasing an additional 24,323 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of GoDaddy by 3,402.0% in the 4th quarter. Federated Hermes Inc. now owns 955,559 shares of the technology company’s stock valued at $101,442,000 after purchasing an additional 928,273 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of GoDaddy in the 4th quarter valued at approximately $510,000. Lecap Asset Management Ltd. acquired a new stake in GoDaddy during the 4th quarter worth approximately $2,328,000. Finally, Louisiana State Employees Retirement System acquired a new stake in GoDaddy during the 4th quarter worth approximately $4,204,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Performance

NYSE:GDDY opened at $123.79 on Thursday. The company has a fifty day moving average of $118.20 and a 200-day moving average of $104.29. The firm has a market capitalization of $17.64 billion, a P/E ratio of 12.92 and a beta of 1.12. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 61.07. GoDaddy Inc. has a twelve month low of $67.43 and a twelve month high of $127.15.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 4.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GDDY shares. UBS Group lifted their target price on shares of GoDaddy from $110.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $124.00 target price on shares of GoDaddy in a research report on Thursday, March 7th. Morgan Stanley lifted their target price on shares of GoDaddy from $120.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Piper Sandler boosted their price target on shares of GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Finally, B. Riley boosted their price target on shares of GoDaddy from $124.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $135.18.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 8,687 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $114.11, for a total transaction of $991,273.57. Following the completion of the sale, the chief executive officer now owns 454,031 shares in the company, valued at approximately $51,809,477.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 8,687 shares of GoDaddy stock in a transaction on Friday, March 1st. The shares were sold at an average price of $114.11, for a total transaction of $991,273.57. Following the transaction, the chief executive officer now directly owns 454,031 shares of the company’s stock, valued at approximately $51,809,477.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the transaction, the chief financial officer now directly owns 116,328 shares in the company, valued at $14,055,912.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,234 shares of company stock worth $13,534,946. 0.54% of the stock is owned by corporate insiders.

About GoDaddy

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.