GAMMA Investing LLC Has $552,000 Holdings in GoDaddy Inc. (NYSE:GDDY)

GAMMA Investing LLC raised its holdings in GoDaddy Inc. (NYSE:GDDY) by 51.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,799 shares of the technology company’s stock after acquiring an additional 950 shares during the period. GAMMA Investing LLC’s holdings in GoDaddy were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in GoDaddy in the 3rd quarter valued at $27,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy in the 3rd quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc acquired a new position in shares of GoDaddy during the fourth quarter worth about $43,000. Finally, Huntington National Bank grew its holdings in shares of GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Up 0.7 %

Shares of GoDaddy stock opened at $200.39 on Monday. GoDaddy Inc. has a 1 year low of $99.90 and a 1 year high of $211.11. The company has a market capitalization of $28.13 billion, a price-to-earnings ratio of 15.49 and a beta of 1.15. The business has a fifty day simple moving average of $192.89 and a two-hundred day simple moving average of $167.16. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. GoDaddy’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. Research analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current year.

Insider Buying and Selling

In other news, CAO Phontip Palitwanon sold 770 shares of GoDaddy stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total value of $151,412.80. Following the completion of the sale, the chief accounting officer now directly owns 23,059 shares in the company, valued at approximately $4,534,321.76. The trade was a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $164.16, for a total value of $164,160.00. Following the sale, the chief operating officer now directly owns 186,632 shares in the company, valued at $30,637,509.12. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,003 shares of company stock valued at $2,835,433. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of recent research reports. Benchmark upped their price target on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a $230.00 target price (up previously from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. B. Riley lifted their price target on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Barclays increased their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research report on Monday, October 7th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.71.

GoDaddy 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.