GoDaddy Inc. $GDDY Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Key Points

• Empirical Financial Services LLC increased its holdings in GoDaddy Inc. by 14.8% in the 2nd quarter, acquiring an additional 4,000 shares to reach a total of 31,008 shares valued at $5,583,000.
• Institutional investors collectively own 90.28% of GoDaddy's stock, indicating strong interest from major financial entities.
• Analysts have revised their price targets for GoDaddy, with **Raymond James** decreasing theirs from $225 to $175, while maintaining a "strong-buy" rating.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 14.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,008 shares of the technology company's stock after buying an additional 4,000 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in GoDaddy were worth $5,583,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after buying an additional 79 shares during the period. Park Square Financial Group LLC acquired a new position in shares of GoDaddy in the 1st quarter valued at about $27,000. Private Trust Co. NA boosted its holdings in shares of GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after buying an additional 136 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the 1st quarter valued at about $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of GoDaddy in the 1st quarter valued at about $36,000. 90.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Raymond James Financial decreased 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. Barclays cut their price objective on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. Citigroup cut their price objective on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Royal Bank Of Canada cut their price objective on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and an average target price of $197.79.

GoDaddy Price Performance

NYSE GDDY opened at $133.91 on Friday. GoDaddy Inc. has a 12 month low of $131.29 and a 12 month high of $216.00. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $18.54 billion, a PE ratio of 23.91, a P/E/G ratio of 1.43 and a beta of 0.98. The company's 50 day simple moving average is $147.00 and its 200 day simple moving average is $167.23.

GoDaddy (NYSE:GDDY - Get Free Report) 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned $1.01 earnings per share. The business's revenue for the quarter 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, equities research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Phontip Palitwanon sold 777 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $110,497.17. Following the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at $2,904,070.41. The trade was a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief executive officer owned 406,065 shares in the company, valued at $60,909,750. The trade was a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,703 shares of company stock worth $4,132,543. Company 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.

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