111 Capital Makes New $1.78 Million Investment in GoDaddy Inc. $GDDY

Key Points

• 111 Capital acquired $1.78 million worth of GoDaddy shares, adding approximately 9,898 shares to its portfolio in the second quarter.
• Insider activity includes CAO Phontip Palitwanon selling 777 shares for about $110,497, which decreases their ownership by 3.67%.
• GoDaddy's recent earnings showed an EPS of $1.41, surpassing expectations, and the company had an 8.3% year-over-year revenue increase.

111 Capital acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,898 shares of the technology company's stock, valued at approximately $1,782,000.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised 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 worth $25,000 after buying an additional 79 shares during the last quarter. Park Square Financial Group LLC purchased a new position in GoDaddy during the 1st quarter worth $27,000. Private Trust Co. NA raised 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 worth $29,000 after buying an additional 136 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in GoDaddy during the 1st quarter worth $30,000. Finally, Banque Transatlantique SA purchased a new position in GoDaddy during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Activity at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 777 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer directly owned 20,421 shares of the company's stock, valued at $2,904,070.41. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total transaction of $68,285.00. Following the sale, the director directly owned 20,457 shares in the company, valued at $2,793,812.49. This represents a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,203 shares of company stock worth $4,200,828 over the last three months. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

GDDY has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of GoDaddy in a report on Saturday, September 27th. Citigroup cut their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. UBS Group cut their price target on shares of GoDaddy from $215.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday. Raymond James Financial cut their price target on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. Finally, Royal Bank Of Canada cut their price target 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. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.79.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $134.92 on Friday. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.45 and a beta of 0.98. GoDaddy Inc. has a 52 week low of $131.29 and a 52 week high of $216.00. The company's 50-day moving average price is $146.38 and its 200 day moving average price is $166.93. 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 - Get Free Report) last issued 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. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

GoDaddy 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.

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