Hantz Financial Services Inc. Boosts Stake in GoDaddy Inc. (NYSE:GDDY)

Hantz Financial Services Inc. increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 72.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,115 shares of the technology company’s stock after buying an additional 30,216 shares during the quarter. Hantz Financial Services Inc. owned about 0.05% of GoDaddy worth $14,233,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GDDY. Ashton Thomas Securities LLC purchased a new position in GoDaddy during the 3rd quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in GoDaddy during the 3rd quarter valued at approximately $30,000. Anchor Investment Management LLC acquired a new stake in GoDaddy during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc purchased a new position in shares of GoDaddy in the 4th quarter valued at approximately $43,000. Finally, Friedenthal Financial acquired a new position in shares of GoDaddy in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

GoDaddy stock opened at $214.33 on Wednesday. GoDaddy Inc. has a fifty-two week low of $106.42 and a fifty-two week high of $215.35. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 16.56 and a beta of 1.15. The stock has a fifty day moving average of $201.68 and a two-hundred day moving average of $174.47. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.

GoDaddy (NYSE:GDDY) last released its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The company 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%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. On average, analysts anticipate that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Insider Activity at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $167.79, for a total transaction of $503,370.00. Following the completion of the transaction, the chief executive officer now owns 345,956 shares of the company’s stock, valued at $58,047,957.24. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Phontip Palitwanon sold 770 shares of GoDaddy stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the transaction, the chief accounting officer now owns 23,059 shares in the company, valued at approximately $4,534,321.76. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,483 shares of company stock valued at $4,759,553. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

GDDY has been the subject of several recent research reports. Jefferies Financial Group increased their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Raymond James lifted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. Robert W. Baird raised their price target on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Finally, Piper Sandler increased their price objective on GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.07.

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.