Marathon Trading Investment Management LLC Acquires Shares of 11,116 GoDaddy Inc. $GDDY

Marathon Trading Investment Management LLC bought a new position in GoDaddy Inc. (NYSE:GDDY) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,116 shares of the technology company’s stock, valued at approximately $1,379,000.

A number of other large investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in GoDaddy during the 4th quarter valued at about $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of GoDaddy during the fourth quarter worth approximately $25,000. Activest Wealth Management raised its stake in shares of GoDaddy by 6,600.0% during the fourth quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after acquiring an additional 198 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of GoDaddy by 191.0% in the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock valued at $32,000 after purchasing an additional 170 shares during the period. Finally, Entrust Financial LLC bought a new position in GoDaddy in the fourth quarter worth approximately $35,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $100.00 target price on shares of GoDaddy in a report on Wednesday, February 25th. Benchmark lowered their price objective on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. UBS Group started coverage on shares of GoDaddy in a report on Tuesday, May 5th. They set a “neutral” rating and a $100.00 target price on the stock. Piper Sandler initiated coverage on shares of GoDaddy in a report on Thursday, March 12th. They issued a “neutral” rating and a $93.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus target price of $120.57.

GoDaddy Trading Up 0.0%

GDDY opened at $76.24 on Monday. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.69 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 15.86. GoDaddy Inc. has a 12 month low of $71.59 and a 12 month high of $181.49. The stock has a fifty day moving average price of $85.45 and a 200-day moving average price of $97.78.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $1.51 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that GoDaddy Inc. will post 7.14 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mark Mccaffrey sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $82.92, for a total transaction of $290,220.00. Following the completion of the transaction, the chief financial officer owned 105,728 shares in the company, valued at $8,766,965.76. The trade was a 3.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Phontip Palitwanon sold 542 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total transaction of $48,704.12. Following the sale, the chief accounting officer directly owned 19,995 shares of the company’s stock, valued at $1,796,750.70. The trade was a 2.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 16,751 shares of company stock valued at $1,480,228. Corporate insiders own 0.93% of the company’s stock.

GoDaddy 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.