Hantz Financial Services Inc. Sells 2,695 Shares of GoDaddy Inc. (NYSE:GDDY)

Hantz Financial Services Inc. decreased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,899 shares of the technology company’s stock after selling 2,695 shares during the quarter. Hantz Financial Services Inc.’s holdings in GoDaddy were worth $6,569,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in GoDaddy during the third quarter valued at $27,000. Transcendent Capital Group LLC purchased a new stake in shares of GoDaddy in the second quarter valued at $28,000. ORG Wealth Partners LLC purchased a new stake in shares of GoDaddy in the third quarter valued at $30,000. ORG Partners LLC purchased a new stake in shares of GoDaddy in the second quarter valued at $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of GoDaddy in the second quarter valued at $36,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total value of $500,730.00. Following the sale, the chief executive officer now directly owns 358,773 shares in the company, valued at approximately $59,882,801.43. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nick Daddario sold 2,976 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.61, for a total transaction of $451,191.36. Following the completion of the sale, the chief accounting officer now owns 14,728 shares in the company, valued at $2,232,912.08. This represents a 16.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,345 shares of company stock worth $3,897,255 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GDDY shares. Barclays increased their target price on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Royal Bank of Canada increased their target price on shares of GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Benchmark increased their target price on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Piper Sandler increased their target price on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird increased their target price on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $173.31.

GoDaddy Stock Down 0.1 %

Shares of GoDaddy stock opened at $197.68 on Friday. 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 Inc. has a 1 year low of $98.13 and a 1 year high of $202.56. The firm’s 50-day moving average is $170.85 and its two-hundred day moving average is $155.58. The stock has a market cap of $27.75 billion, a price-to-earnings ratio of 15.28 and a beta of 1.11.

GoDaddy (NYSE:GDDY) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $0.89 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that GoDaddy Inc. will post 4.95 earnings per share for the current fiscal year.

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.