Wealth Enhancement Advisory Services LLC Purchases 5,546 Shares of GoDaddy Inc. $GDDY

Wealth Enhancement Advisory Services LLC increased its position in GoDaddy Inc. (NYSE:GDDY) by 94.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,429 shares of the technology company’s stock after purchasing an additional 5,546 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in GoDaddy were worth $2,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in GoDaddy by 123.4% during the 1st 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 in the last quarter. Park Square Financial Group LLC bought a new stake in GoDaddy during the 1st quarter valued at $27,000. Private Trust Co. NA boosted its position in GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in GoDaddy during the 1st quarter valued at $30,000. Finally, Banque Transatlantique SA bought a new stake in GoDaddy during the 1st quarter valued at $36,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY opened at $141.31 on Monday. The stock has a 50-day moving average of $149.53 and a two-hundred day moving average of $168.25. GoDaddy Inc. has a one year low of $132.51 and a one year high of $216.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $19.56 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.53 and a beta of 1.02.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Phontip Palitwanon sold 777 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the transaction, the chief accounting officer owned 20,421 shares of the company’s stock, valued at $2,904,070.41. The trade was a 3.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $169.59, for a total value of $169,590.00. Following the completion of the transaction, the chief operating officer directly owned 253,949 shares of the company’s stock, valued at approximately $43,067,210.91. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,828 shares of company stock worth $5,394,638. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GDDY has been the topic of several recent research reports. Citigroup dropped their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada lowered their price objective on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Friday, August 8th. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company lowered their price objective on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $202.43.

GoDaddy Company 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.