Legacy Wealth Asset Management LLC Makes New Investment in GoDaddy Inc. (NYSE:GDDY)

Legacy Wealth Asset Management LLC acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,081 shares of the technology company's stock, valued at approximately $411,000.

A number of other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in GoDaddy in the 3rd quarter valued at $27,000. ORG Wealth Partners LLC bought a new position in shares of GoDaddy in the third quarter worth about $30,000. Anchor Investment Management LLC purchased a new position in GoDaddy in the 3rd quarter worth about $31,000. Versant Capital Management Inc bought a new stake in GoDaddy during the 4th quarter valued at about $43,000. Finally, Huntington National Bank lifted its holdings in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock valued at $48,000 after buying an additional 230 shares in the last quarter. Institutional investors own 90.28% of the company's stock.

Insider Activity at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $167.79, for a total value of $503,370.00. Following the sale, the chief executive officer now owns 345,956 shares in the company, valued at $58,047,957.24. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Phontip Palitwanon sold 770 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total transaction of $151,412.80. Following the transaction, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at $4,534,321.76. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,483 shares of company stock valued at $4,759,553 in the last three months. 0.61% of the stock is owned by insiders.

GoDaddy Stock Up 0.0 %

GDDY traded up $0.04 during trading on Friday, hitting $200.89. The stock had a trading volume of 1,308,296 shares, compared to its average volume of 824,890. GoDaddy Inc. has a twelve month low of $106.32 and a twelve month high of $211.11. The stock has a 50 day simple moving average of $198.80 and a two-hundred day simple moving average of $171.19. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $28.20 billion, a PE ratio of 15.52 and a beta of 1.15.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.15 billion for 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%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. On average, research analysts predict that GoDaddy Inc. will post 4.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GDDY shares. Benchmark raised their target price on shares of GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Barclays lifted 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. Citigroup increased their price target on GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. B. Riley lifted their price objective on GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy currently has an average rating of "Moderate Buy" and a consensus 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.