Moran Wealth Management LLC Reduces Holdings in GoDaddy Inc. $GDDY

Moran Wealth Management LLC lowered its position in shares of GoDaddy Inc. (NYSE:GDDY) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 72,415 shares of the technology company’s stock after selling 504 shares during the period. Moran Wealth Management LLC’s holdings in GoDaddy were worth $13,039,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock valued at $3,266,697,000 after purchasing an additional 462,807 shares during the period. WCM Investment Management LLC raised its stake in shares of GoDaddy by 2.0% during the first quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company’s stock valued at $620,931,000 after purchasing an additional 67,152 shares during the period. Invesco Ltd. raised its stake in shares of GoDaddy by 13.8% during the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock valued at $597,317,000 after purchasing an additional 401,918 shares during the period. Wellington Management Group LLP raised its stake in shares of GoDaddy by 13.4% during 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 purchasing an additional 371,188 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 710,842 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $132.48 on Tuesday. GoDaddy Inc. has a twelve month low of $130.00 and a twelve month 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. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.41 and a beta of 0.98. The firm has a 50-day moving average of $143.06 and a two-hundred day moving average of $164.71.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue 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, analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. UBS Group lowered their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Citigroup lowered their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Barclays lowered their price target on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and a consensus price target of $199.00.

Insider Transactions at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the sale, the chief executive officer directly owned 406,065 shares in the company, valued at $60,909,750. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy 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 sale, the chief accounting officer owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,203 shares of company stock valued at $4,031,238. 0.70% of the stock is currently owned by insiders.

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.