GC Wealth Management RIA LLC Grows Position in GoDaddy Inc. $GDDY

GC Wealth Management RIA LLC boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 42.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,784 shares of the technology company’s stock after acquiring an additional 531 shares during the quarter. GC Wealth Management RIA LLC’s holdings in GoDaddy were worth $321,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its position in GoDaddy by 15.9% in the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock worth $402,000 after acquiring an additional 293 shares in the last quarter. Sowell Financial Services LLC purchased a new position in GoDaddy in the first quarter worth $291,000. DAVENPORT & Co LLC raised its position in GoDaddy by 7.7% in the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock worth $354,000 after acquiring an additional 141 shares in the last quarter. Optimist Retirement Group LLC raised its position in GoDaddy by 5.8% in the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock worth $274,000 after acquiring an additional 84 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of GoDaddy by 102.8% in the first quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock valued at $145,033,000 after buying an additional 408,178 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Down 3.3%

GoDaddy stock opened at $132.35 on Thursday. The stock has a market cap of $18.32 billion, a PE ratio of 23.63, a P/E/G ratio of 1.48 and a beta of 0.98. The stock has a 50-day moving average price of $147.65 and a 200 day moving average price of $167.55. GoDaddy Inc. has a 52 week low of $131.29 and a 52 week high of $216.00. 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 (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $146.26, for a total value of $73,130.00. Following the sale, the director directly owned 20,957 shares of the company’s stock, valued at approximately $3,065,170.82. This trade represents a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 3,326 shares of the firm’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 $472,990.46. Following the completion of the sale, the chief financial officer directly owned 70,133 shares in the company, valued at approximately $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,703 shares of company stock worth $4,132,543 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GDDY shares. Raymond James Financial dropped their price target 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. Barclays dropped their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Citigroup dropped their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Wells Fargo & Company dropped their price target 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. Finally, UBS Group dropped their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and an average target price of $197.79.

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.