Focus Partners Advisor Solutions LLC Has $308,000 Stake in GoDaddy Inc. $GDDY

Focus Partners Advisor Solutions LLC increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 18.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,712 shares of the technology company’s stock after buying an additional 267 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in GoDaddy were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GDDY. Equitable Trust Co. increased its holdings in shares of GoDaddy by 1.0% in the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 64 shares during the last quarter. CX Institutional boosted its position in shares of GoDaddy by 13.1% in the second quarter. CX Institutional now owns 577 shares of the technology company’s stock valued at $104,000 after acquiring an additional 67 shares during the period. Allworth Financial LP boosted its position in shares of GoDaddy by 4.9% in the first quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock valued at $284,000 after acquiring an additional 73 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after acquiring an additional 79 shares during the period. Finally, MAI Capital Management boosted its position in shares of GoDaddy by 8.7% in the first quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock valued at $185,000 after acquiring an additional 82 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

NYSE:GDDY opened at $133.35 on Friday. The company has a market capitalization of $18.46 billion, a PE ratio of 23.81, a P/E/G ratio of 1.36 and a beta of 0.98. The company has a 50 day simple moving average of $139.06 and a two-hundred day simple moving average of $160.77. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. GoDaddy Inc. has a fifty-two week low of $125.00 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Activity at GoDaddy

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total value of $68,285.00. Following the transaction, the director directly owned 20,457 shares in the company, valued at $2,793,812.49. This trade represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $472,990.46. Following the completion of the transaction, the chief financial officer owned 70,133 shares in the company, valued at approximately $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 20,703 shares of company stock worth $2,994,243. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of recent research reports. Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a research report on Friday. UBS Group dropped their target price on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a report on Friday. Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 target price on shares of GoDaddy in a report on Friday. Morgan Stanley set a $159.00 target price on shares of GoDaddy in a report on Friday. Finally, Barclays dropped their target price on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $184.07.

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.