Lindbrook Capital LLC Purchases 311 Shares of GoDaddy Inc. (NYSE:GDDY)

Lindbrook Capital LLC raised its position in shares of GoDaddy Inc. (NYSE:GDDY) by 74.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 731 shares of the technology company’s stock after purchasing an additional 311 shares during the quarter. Lindbrook Capital LLC’s holdings in GoDaddy were worth $78,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake in shares of GoDaddy by 140.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock valued at $37,000 after acquiring an additional 205 shares during the period. UMB Bank n.a. bought a new position in shares of GoDaddy during the 4th quarter valued at approximately $50,000. Tobam bought a new position in GoDaddy in the 4th quarter worth approximately $60,000. Fifth Third Bancorp bought a new position in GoDaddy in the 3rd quarter worth approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in GoDaddy in the 3rd quarter worth approximately $44,000. 90.28% of the stock is currently owned by institutional investors.

Insider Activity at GoDaddy

In related news, COO Roger Chen sold 4,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $114.11, for a total transaction of $456,440.00. Following the sale, the chief operating officer now owns 208,632 shares in the company, valued at approximately $23,806,997.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Nick Daddario sold 1,823 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $110.54, for a total transaction of $201,514.42. Following the transaction, the chief accounting officer now owns 25,263 shares of the company’s stock, valued at approximately $2,792,572.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Roger Chen sold 4,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $114.11, for a total value of $456,440.00. Following the transaction, the chief operating officer now directly owns 208,632 shares in the company, valued at approximately $23,806,997.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,234 shares of company stock worth $13,534,946. Company insiders own 0.54% of the company’s stock.

GoDaddy Stock Performance

NYSE:GDDY opened at $123.79 on Thursday. The stock’s fifty day moving average is $118.20 and its 200 day moving average is $104.29. GoDaddy Inc. has a fifty-two week low of $67.43 and a fifty-two week high of $127.15. The firm has a market capitalization of $17.64 billion, a PE ratio of 12.92 and a beta of 1.12. The company has a debt-to-equity ratio of 61.07, a quick ratio of 0.47 and a current ratio of 0.47.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. GoDaddy had a negative return on equity of 89.25% and a net margin of 32.74%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, sell-side analysts anticipate that GoDaddy Inc. will post 4.76 earnings per share for the current year.

Analyst Ratings Changes

GDDY has been the subject of several recent analyst reports. Evercore ISI downgraded GoDaddy from an “outperform” rating to an “in-line” rating and upped their price target for the stock from $100.00 to $110.00 in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on GoDaddy from $128.00 to $136.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James initiated coverage on GoDaddy in a research note on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 price target for the company. Benchmark restated a “buy” rating and issued a $150.00 price target on shares of GoDaddy in a research note on Thursday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $124.00 price target on shares of GoDaddy in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.18.

GoDaddy Company Profile

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.