Oak Thistle LLC Has $903,000 Stock Position in GoDaddy Inc. (NYSE:GDDY)

Oak Thistle LLC cut its holdings in GoDaddy Inc. (NYSE:GDDY) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,577 shares of the technology company’s stock after selling 1,033 shares during the quarter. Oak Thistle LLC’s holdings in GoDaddy were worth $903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GDDY. Friedenthal Financial purchased a new stake in shares of GoDaddy during the 4th quarter valued at approximately $49,000. Fiduciary Alliance LLC purchased a new stake in shares of GoDaddy during the fourth quarter worth $1,045,000. Czech National Bank boosted its holdings in shares of GoDaddy by 6.1% in the fourth quarter. Czech National Bank now owns 30,440 shares of the technology company’s stock worth $6,008,000 after acquiring an additional 1,739 shares during the period. First Hawaiian Bank grew its position in shares of GoDaddy by 99.6% in the fourth quarter. First Hawaiian Bank now owns 13,885 shares of the technology company’s stock valued at $2,740,000 after purchasing an additional 6,929 shares in the last quarter. Finally, Range Financial Group LLC grew its position in shares of GoDaddy by 71.0% in the fourth quarter. Range Financial Group LLC now owns 2,214 shares of the technology company’s stock valued at $437,000 after purchasing an additional 919 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Trading Up 0.8 %

NYSE GDDY opened at $199.01 on Thursday. The stock’s 50-day simple moving average is $197.87 and its two-hundred day simple moving average is $170.37. GoDaddy Inc. has a twelve month low of $103.64 and a twelve month high of $211.11. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61. The company has a market capitalization of $27.94 billion, a price-to-earnings ratio of 15.38 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last released its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.89 EPS. GoDaddy’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In other news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the transaction, the director now owns 24,121 shares in the company, valued at approximately $4,317,659. The trade was a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $1,094,555.00. Following the sale, the chief financial officer now owns 84,300 shares of the company’s stock, valued at $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,003 shares of company stock worth $4,462,363. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on GDDY shares. Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 target price on shares of GoDaddy in a research note on Monday, October 7th. Jefferies Financial Group raised their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Benchmark upped their target price on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays raised their price target on shares of GoDaddy from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Morgan Stanley upped their price target on shares of GoDaddy from $189.00 to $227.00 and gave the stock an “equal weight” rating in a report on Monday. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.