Arkadios Wealth Advisors Invests $210,000 in GoDaddy Inc. $GDDY

Arkadios Wealth Advisors purchased a new stake in GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,169 shares of the technology company’s stock, valued at approximately $210,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock worth $3,266,697,000 after purchasing an additional 462,807 shares during the last quarter. WCM Investment Management LLC grew its stake in GoDaddy by 5.7% in the second quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock worth $660,979,000 after purchasing an additional 199,459 shares in the last quarter. Invesco Ltd. grew its stake in GoDaddy by 13.8% in the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock worth $597,317,000 after purchasing an additional 401,918 shares in the last quarter. Wellington Management Group LLP increased its holdings in GoDaddy by 13.4% in the first quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock valued at $567,017,000 after buying an additional 371,188 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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 valued at $439,525,000 after buying an additional 710,842 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have 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 report on Friday, August 8th. Royal Bank Of Canada decreased their price objective on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research note on Friday, October 31st. Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a report on Friday, October 31st. Finally, 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 report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.07.

GoDaddy Stock Down 0.1%

GDDY stock opened at $132.96 on Friday. The stock has a market cap of $18.41 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. The firm’s 50-day simple moving average is $138.03 and its 200 day simple moving average is $159.70. GoDaddy Inc. has a fifty-two week low of $125.00 and a fifty-two 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.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. GoDaddy’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Transactions at GoDaddy

In other news, CAO Phontip Palitwanon sold 777 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the transaction, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $133.11, for a total transaction of $66,555.00. Following the sale, the director owned 19,957 shares in the company, valued at approximately $2,656,476.27. This represents a 2.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,203 shares of company stock worth $3,060,798 over the last quarter. Insiders own 0.70% of the company’s stock.

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.