2,081 Shares in GoDaddy Inc. (NYSE:GDDY) Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC acquired a new stake in shares of GoDaddy Inc. (NYSE:GDDY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,081 shares of the technology company’s stock, valued at approximately $411,000.

A number of other large investors also recently bought and sold shares of GDDY. Ashton Thomas Securities LLC acquired a new position in GoDaddy in the third quarter worth $27,000. ORG Wealth Partners LLC bought a new position in shares of GoDaddy during the third quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc acquired a new position in GoDaddy during the 4th quarter valued at approximately $43,000. Finally, Friedenthal Financial acquired a new position in GoDaddy during the 4th quarter valued at approximately $49,000. Institutional investors own 90.28% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $179.00, for a total transaction of $89,500.00. Following the completion of the sale, the director now directly owns 24,121 shares in the company, valued at approximately $4,317,659. This trade represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $58,047,957.24. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,483 shares of company stock worth $4,759,553 over the last ninety days. 0.61% of the stock is currently owned by company insiders.

GoDaddy Price Performance

NYSE GDDY opened at $200.89 on Friday. GoDaddy Inc. has a 1 year low of $106.32 and a 1 year high of $211.11. The business’s fifty day moving average is $198.80 and its two-hundred day moving average is $170.99. The stock has a market capitalization of $28.20 billion, a P/E ratio of 15.52 and a beta of 1.15. 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 announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. GoDaddy’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. On average, research analysts forecast that GoDaddy Inc. will post 4.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GDDY has been the topic of a number of recent research reports. Citigroup raised their target price on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price objective on shares of GoDaddy in a research report on Monday, October 7th. Benchmark raised their price target 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. Jefferies Financial Group boosted their price objective on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays raised their target price on GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $194.14.

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.