GoDaddy Inc. $GDDY Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its position in GoDaddy Inc. (NYSE:GDDY) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,113 shares of the technology company’s stock after selling 130 shares during the period. HB Wealth Management LLC’s holdings in GoDaddy were worth $741,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its position in GoDaddy by 257.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock worth $402,946,000 after buying an additional 1,610,890 shares during the last quarter. Assenagon Asset Management S.A. lifted its position 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 valued at $242,727,000 after purchasing an additional 1,258,324 shares during the period. JPMorgan Chase & Co. boosted its holdings in GoDaddy by 41.1% in the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock valued at $439,525,000 after purchasing an additional 710,842 shares during the last quarter. Pacer Advisors Inc. grew its position in GoDaddy by 893.4% during the 1st 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 raised its stake in shares of GoDaddy by 719.5% during the 1st quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock valued at $97,008,000 after buying an additional 472,805 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GDDY shares. Wells Fargo & Company decreased their price objective on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Citigroup dropped their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Raymond James Financial dropped their price objective on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, UBS Group dropped their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $197.79.

Insider Activity at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $136.57, for a total transaction of $68,285.00. Following the sale, the director owned 20,457 shares of the company’s stock, valued at $2,793,812.49. The trade was a 2.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the sale, the chief operating officer directly owned 251,949 shares in the company, valued at approximately $36,711,488.79. This trade represents a 0.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,203 shares of company stock worth $4,200,828 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

GoDaddy Trading Up 0.7%

GDDY stock opened at $134.92 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. GoDaddy Inc. has a 12-month low of $131.29 and a 12-month high of $216.00. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.46 and a beta of 0.98. The business’s 50-day moving average is $146.38 and its 200 day moving average is $166.83.

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

About GoDaddy

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.