Park Place Capital Corp Has $128,000 Stake in GoDaddy Inc. (NYSE:GDDY)

Park Place Capital Corp lifted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 91.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 648 shares of the technology company’s stock after buying an additional 310 shares during the quarter. Park Place Capital Corp’s holdings in GoDaddy were worth $128,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in GoDaddy during the third quarter worth $27,000. ORG Wealth Partners LLC acquired a new position in shares of GoDaddy during the third quarter valued at about $30,000. Anchor Investment Management LLC bought a new position in shares of GoDaddy during the 3rd quarter worth about $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy in the 4th quarter valued at about $43,000. Finally, Huntington National Bank increased its position in GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock valued at $48,000 after buying an additional 230 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Down 0.7 %

GDDY stock opened at $204.18 on Thursday. The business has a 50 day moving average of $199.53 and a 200 day moving average of $172.22. The firm has a market cap of $28.67 billion, a PE ratio of 15.78 and a beta of 1.15. GoDaddy Inc. has a twelve month low of $106.42 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.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GDDY shares. Robert W. Baird increased their target price on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. StockNews.com lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of GoDaddy from $175.00 to $224.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Raymond James raised their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Finally, Citigroup lifted their price target on GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.07.

Insider Activity at GoDaddy

In other news, CAO Phontip Palitwanon sold 770 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the sale, the chief accounting officer now owns 23,059 shares of the company’s stock, valued at $4,534,321.76. The trade was a 3.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now directly owns 24,121 shares of the company’s stock, valued at $4,317,659. This represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,483 shares of company stock worth $4,759,553 over the last quarter. Company insiders own 0.61% of the company’s stock.

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.