GoDaddy Inc. $GDDY Shares Purchased by GDS Wealth Management

GDS Wealth Management raised its position in shares of GoDaddy Inc. (NYSE:GDDY) by 16.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,940 shares of the technology company’s stock after acquiring an additional 8,388 shares during the quarter. GDS Wealth Management’s holdings in GoDaddy were worth $10,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Equitable Trust Co. lifted its holdings in 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 acquiring an additional 64 shares during the last quarter. CX Institutional lifted its holdings in shares of GoDaddy by 13.1% in the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after acquiring an additional 67 shares during the last quarter. MAI Capital Management increased its holdings in GoDaddy by 8.7% in the 1st quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock valued at $185,000 after purchasing an additional 82 shares during the last quarter. UMB Bank n.a. grew its stake in shares of GoDaddy by 13.1% in the second quarter. UMB Bank n.a. now owns 795 shares of the technology company’s stock valued at $143,000 after buying an additional 92 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in GoDaddy by 14.0% in the 2nd quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock valued at $134,000 after acquiring an additional 92 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GDDY has been the topic of several research reports. Morgan Stanley set a $159.00 price target on shares of GoDaddy in a research report on Friday, October 31st. Royal Bank Of Canada decreased their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Evercore ISI lowered their price objective on GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday, October 31st. UBS Group decreased their price target on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.14.

GoDaddy Stock Down 0.8%

Shares of NYSE GDDY opened at $124.24 on Thursday. The firm has a 50-day moving average price of $134.96 and a 200 day moving average price of $156.30. GoDaddy Inc. has a 52 week low of $121.94 and a 52 week high of $216.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last announced its quarterly 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. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business posted $1.32 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the transaction, the chief executive officer directly owned 406,065 shares of the company’s stock, valued at $60,909,750. This trade represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 19,553 shares of company stock valued at $2,825,527. Corporate insiders own 0.70% 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.