Hantz Financial Services Inc. Sells 9,647 Shares of GoDaddy Inc. $GDDY

Hantz Financial Services Inc. cut its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,330 shares of the technology company’s stock after selling 9,647 shares during the period. Hantz Financial Services Inc.’s holdings in GoDaddy were worth $7,844,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in GoDaddy by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock worth $3,378,310,000 after purchasing an additional 627,923 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of GoDaddy by 2.2% during the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock worth $677,726,000 after purchasing an additional 81,623 shares during the last quarter. WCM Investment Management LLC increased its stake in shares of GoDaddy by 1.8% in the third quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company’s stock valued at $529,395,000 after buying an additional 66,144 shares during the period. JPMorgan Chase & Co. raised its holdings in GoDaddy by 16.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,843,056 shares of the technology company’s stock valued at $511,921,000 after buying an additional 403,151 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in GoDaddy by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,403,902 shares of the technology company’s stock valued at $432,847,000 after buying an additional 54,438 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Up 1.7%

Shares of GoDaddy stock opened at $95.61 on Thursday. The stock’s 50-day moving average is $117.29 and its 200 day moving average is $132.75. GoDaddy Inc. has a one year low of $92.22 and a one year high of $214.32. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.85 and a beta of 0.94. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57.

Insider Transactions at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,932 shares of GoDaddy stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $886,880.08. Following the completion of the sale, the chief executive officer directly owned 399,133 shares of the company’s stock, valued at approximately $51,065,076.02. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Phontip Palitwanon sold 2,397 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total transaction of $307,870.68. Following the transaction, the chief accounting officer directly owned 17,055 shares in the company, valued at $2,190,544.20. This trade represents a 12.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,615 shares of company stock valued at $1,743,102 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GDDY has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Jefferies Financial Group decreased their price objective on GoDaddy from $150.00 to $140.00 and set a “hold” rating for the company in a report on Monday, January 5th. B. Riley lowered their target price on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Finally, Evercore ISI cut their price objective on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.21.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.