Annex Advisory Services LLC Grows Stock Position in GoDaddy Inc. $GDDY

Key Points

• Annex Advisory Services LLC increased its stake in GoDaddy by 19.1% during the second quarter, purchasing 20,388 shares, bringing its total holdings to 127,319 shares valued at $22.9 million.
• Insider trading activity included COO Roger Chen and CEO Amanpal Singh Bhutani selling shares, with a total of 34,828 shares sold in the last 90 days valued at approximately $5.39 million.
• GoDaddy reported earnings per share of $1.41 for the last quarter, exceeding analysts' expectations, and recorded a revenue increase of 8.3% year-over-year, totaling $1.22 billion.

Annex Advisory Services LLC boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 19.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,319 shares of the technology company's stock after purchasing an additional 20,388 shares during the quarter. Annex Advisory Services LLC owned about 0.09% of GoDaddy worth $22,925,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC boosted its holdings in GoDaddy by 15.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company's stock valued at $402,000 after acquiring an additional 293 shares during the period. Sowell Financial Services LLC purchased a new position in GoDaddy during the 1st quarter valued at $291,000. DAVENPORT & Co LLC boosted its holdings in GoDaddy by 7.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company's stock valued at $354,000 after acquiring an additional 141 shares during the period. Optimist Retirement Group LLC boosted its holdings in GoDaddy by 5.8% during the 1st quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company's stock valued at $274,000 after acquiring an additional 84 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in GoDaddy by 102.8% during the 1st quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company's stock valued at $145,033,000 after acquiring an additional 408,178 shares during the period. Institutional investors own 90.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Piper Sandler set a $182.00 target price on GoDaddy and gave the stock an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada lowered their target price on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Raymond James Financial lowered their target price on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. Wells Fargo & Company lowered their target price on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Finally, Citigroup reduced 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. One equities research 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 MarketBeat, GoDaddy presently has a consensus rating of "Moderate Buy" and an average price target of $202.43.

Insiders Place Their Bets

In other news, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction on 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 of the company's stock, valued at approximately $60,909,750. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, September 15th. The shares were sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the sale, the chief operating officer directly owned 251,949 shares of the company's stock, valued at $36,711,488.79. The trade was a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,828 shares of company stock valued at $5,394,638. Insiders own 0.70% of the company's stock.

GoDaddy Trading Down 3.8%

GDDY stock traded down $5.58 during midday trading on Tuesday, hitting $142.25. 762,705 shares of the company's stock were exchanged, compared to its average volume of 1,585,862. The business has a 50-day simple moving average of $151.61 and a two-hundred day simple moving average of $169.10. 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 stock has a market capitalization of $19.69 billion, a PE ratio of 25.38, a P/E/G ratio of 1.56 and a beta of 1.02. GoDaddy Inc. has a 1-year low of $132.51 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS 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.