Simon Quick Advisors LLC Invests $257,000 in GoDaddy Inc. (NYSE:GDDY)

Simon Quick Advisors LLC bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,303 shares of the technology company’s stock, valued at approximately $257,000.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in GoDaddy during the third quarter valued at $27,000. ORG Wealth Partners LLC purchased a new position in shares of GoDaddy during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy in the 3rd quarter valued at about $31,000. Versant Capital Management Inc purchased a new stake in shares of GoDaddy in the fourth quarter worth about $43,000. Finally, Huntington National Bank grew its holdings in 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 acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Up 0.1 %

Shares of GDDY stock opened at $207.44 on Friday. GoDaddy Inc. has a 1-year low of $106.42 and a 1-year high of $211.11. The firm has a market cap of $29.12 billion, a PE ratio of 16.03 and a beta of 1.15. The company has a 50-day moving average of $200.75 and a two-hundred day moving average of $173.12. 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 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. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that GoDaddy Inc. will post 4.96 EPS for the current year.

Wall Street Analyst Weigh In

GDDY has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Citigroup increased their target price on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Benchmark lifted their price target on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. B. Riley increased their price target on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective on GoDaddy from $175.00 to $224.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.07.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $207.35, for a total value of $207,350.00. Following the sale, the chief operating officer now directly owns 184,632 shares in the company, valued at approximately $38,283,445.20. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction on Friday, November 1st. The shares were sold at an average price of $167.79, for a total value 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 approximately $58,047,957.24. This trade represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,483 shares of company stock worth $4,759,553 in the last three months. 0.61% of the stock is owned by company insiders.

About GoDaddy

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.