Oak Harvest Investment Services Sells 483 Shares of GoDaddy Inc. (NYSE:GDDY)

Oak Harvest Investment Services trimmed its position in shares of GoDaddy Inc. (NYSE:GDDY) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,807 shares of the technology company’s stock after selling 483 shares during the quarter. Oak Harvest Investment Services’ holdings in GoDaddy were worth $2,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in GoDaddy in the third quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new position in GoDaddy during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc purchased a new stake in shares of GoDaddy during the fourth quarter worth about $43,000. Finally, Huntington National Bank increased its holdings in shares of GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of recent analyst reports. Benchmark lifted their target price on shares of GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup lifted their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 target price (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. Jefferies Financial Group lifted their price target on GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, B. Riley increased 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. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.07.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total value of $200,570.00. Following the transaction, the chief operating officer now owns 183,632 shares in the company, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the sale, the chief financial officer now directly owns 84,300 shares of the company’s stock, valued at $16,776,543. The trade was a 6.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,483 shares of company stock worth $4,256,183 over the last three months. 0.61% of the stock is currently owned by corporate insiders.

GoDaddy Stock Down 0.3 %

GDDY opened at $213.32 on Friday. The company has a fifty day moving average of $202.16 and a two-hundred day moving average of $174.74. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy Inc. has a fifty-two week low of $106.42 and a fifty-two week high of $216.00. The stock has a market capitalization of $29.95 billion, a price-to-earnings ratio of 16.49 and a beta of 1.15.

GoDaddy (NYSE:GDDY) last released its quarterly 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 analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. GoDaddy’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that GoDaddy Inc. will post 4.96 earnings per share for the current year.

GoDaddy 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.