GTS Securities LLC Sells 35,600 Shares of GoDaddy Inc. (NYSE:GDDY)

GTS Securities LLC lessened its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 96.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,490 shares of the technology company's stock after selling 35,600 shares during the period. GTS Securities LLC's holdings in GoDaddy were worth $294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDDY. Proficio Capital Partners LLC purchased a new stake in GoDaddy in the fourth quarter valued at $25,554,000. Jones Financial Companies Lllp raised its holdings in GoDaddy by 68.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company's stock worth $243,000 after purchasing an additional 499 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of GoDaddy in the fourth quarter valued at about $262,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of GoDaddy by 16.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 678 shares of the technology company's stock valued at $134,000 after purchasing an additional 98 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of GoDaddy by 22.9% in the fourth quarter. LPL Financial LLC now owns 66,109 shares of the technology company's stock valued at $13,048,000 after purchasing an additional 12,328 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating on shares of GoDaddy in a research report on Monday, April 28th. B. Riley raised their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 14th. Wall Street Zen lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Jefferies Financial Group decreased their price objective on shares of GoDaddy from $200.00 to $185.00 and set a "hold" rating for the company in a report on Monday, April 7th. Finally, Barclays reduced their price target on shares of GoDaddy from $243.00 to $235.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and an average price target of $214.86.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total transaction of $171,750.00. Following the sale, the chief operating officer now owns 256,949 shares of the company's stock, valued at $44,130,990.75. This trade represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Sharples sold 500 shares of the business's stock in a transaction 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 sale, the director now owns 22,121 shares of the company's stock, valued at approximately $3,996,379.86. This represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,526 shares of company stock worth $10,243,716. Insiders own 0.61% of the company's stock.

GoDaddy Price Performance

NYSE GDDY traded up $1.44 during trading on Friday, hitting $182.14. 1,989,421 shares of the company's stock were exchanged, compared to its average volume of 1,476,365. The stock's 50 day moving average price is $179.33 and its two-hundred day moving average price is $189.53. GoDaddy Inc. has a fifty-two week low of $135.73 and a fifty-two week high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The company has a market cap of $25.95 billion, a PE ratio of 28.24 and a beta of 1.13.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company earned $2.76 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. Research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current 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.