LPL Financial LLC Has $13.05 Million Position in GoDaddy Inc. (NYSE:GDDY)

LPL Financial LLC grew its stake in GoDaddy Inc. (NYSE:GDDY) by 22.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 66,109 shares of the technology company’s stock after acquiring an additional 12,328 shares during the period. LPL Financial LLC’s holdings in GoDaddy were worth $13,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of GDDY. Quent Capital LLC grew its holdings in GoDaddy by 4.4% in the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock valued at $248,000 after buying an additional 53 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after acquiring an additional 64 shares in the last quarter. New York Life Investment Management LLC increased its position in GoDaddy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock worth $3,708,000 after acquiring an additional 71 shares during the period. Metis Global Partners LLC raised its stake in GoDaddy by 1.1% in the 4th quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company’s stock worth $1,294,000 after purchasing an additional 74 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in GoDaddy by 13.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company’s stock valued at $146,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Down 0.1 %

Shares of GDDY opened at $180.48 on Thursday. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a 52 week low of $119.76 and a 52 week high of $216.00. The stock has a market capitalization of $25.51 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25. The stock has a fifty day moving average of $188.41 and a 200-day moving average of $184.78.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total transaction of $90,330.00. Following the completion of the transaction, the director now owns 22,121 shares in the company, valued at approximately $3,996,379.86. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $174.21, for a total transaction of $174,210.00. Following the completion of the sale, the chief operating officer now directly owns 257,949 shares in the company, valued at approximately $44,937,295.29. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,480 shares of company stock worth $2,024,939 in the last ninety days. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GDDY. Citigroup lifted their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. StockNews.com downgraded GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Morgan Stanley raised their price target on GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group upped their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays raised their target price on shares of GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.20.

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.