Simplicity Wealth LLC Sells 807 Shares of GoDaddy Inc. $GDDY

Simplicity Wealth LLC trimmed its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 35.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,493 shares of the technology company’s stock after selling 807 shares during the quarter. Simplicity Wealth LLC’s holdings in GoDaddy were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in GDDY. Goldman Sachs Group Inc. raised its position in shares of GoDaddy by 257.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock worth $402,946,000 after acquiring an additional 1,610,890 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in GoDaddy by 1,412.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company’s stock worth $242,727,000 after purchasing an additional 1,258,324 shares during the period. JPMorgan Chase & Co. grew its stake in GoDaddy by 41.1% during the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock worth $439,525,000 after purchasing an additional 710,842 shares during the period. Pacer Advisors Inc. grew its stake in GoDaddy by 893.4% during the first quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company’s stock worth $116,685,000 after purchasing an additional 582,539 shares during the period. Finally, National Bank of Canada FI grew its stake in GoDaddy by 719.5% during the first quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock worth $97,008,000 after purchasing an additional 472,805 shares during the period. 90.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Mark Mccaffrey sold 3,326 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 70,133 shares in the company, valued at $9,973,613.93. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of the firm’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 $988,359.50. Following the completion of the transaction, the chief executive officer owned 412,065 shares in the company, valued at $58,599,763.65. This represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,203 shares of company stock valued at $4,200,828. 0.70% of the stock is currently owned by company insiders.

GoDaddy Trading Down 0.1%

Shares of GoDaddy stock opened at $135.16 on Thursday. 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 52 week low of $131.29 and a 52 week high of $216.00. The stock has a 50 day moving average price of $144.64 and a two-hundred day moving average price of $166.00. The stock has a market capitalization of $18.71 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on GDDY shares. Piper Sandler set a $182.00 target price on GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. Barclays decreased their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Raymond James Financial decreased their target price on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday. Finally, UBS Group reduced their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.00.

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.