HighTower Advisors LLC Has $3.11 Million Stock Position in GoDaddy Inc. $GDDY

Key Points

• HighTower Advisors LLC reduced its stake in GoDaddy Inc. by 16.3% to $3.11 million during the first quarter, selling 3,350 shares.
• Several other institutional investors increased their holdings in GoDaddy, with notable increases from Cornerstone Planning Group LLC (123.4%) and Private Trust Co. NA (591.3%).
• GoDaddy's latest quarterly earnings report showed an EPS of $1.41, exceeding expectations, and a revenue increase of 8.3% year-over-year.

HighTower Advisors LLC reduced its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 16.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,254 shares of the technology company's stock after selling 3,350 shares during the quarter. HighTower Advisors LLC's holdings in GoDaddy were worth $3,108,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake 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 period. Park Square Financial Group LLC acquired a new position in GoDaddy during the 1st quarter worth approximately $27,000. Private Trust Co. NA raised its stake 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 period. Zions Bancorporation National Association UT acquired a new position in GoDaddy during the 1st quarter worth approximately $30,000. Finally, GW&K Investment Management LLC raised its stake in GoDaddy by 307.9% during the 1st quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock worth $46,000 after buying an additional 194 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $160.47, for a total transaction of $80,235.00. Following the completion of the transaction, the director directly owned 21,457 shares of the company's stock, valued at approximately $3,443,204.79. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leah Sweet sold 650 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total value of $91,741.00. Following the transaction, the director directly owned 12,064 shares of the company's stock, valued at approximately $1,702,712.96. This trade represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,881 shares of company stock valued at $5,869,390 in the last ninety days. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an "overweight" rating in a research note on Friday, August 8th. Citigroup lowered their price objective on GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. increased their price objective on GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research note on Friday, August 8th. Finally, Benchmark reissued a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. One investment 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. According to MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and a consensus price target of $202.43.

GoDaddy Stock Performance

Shares of GDDY opened at $146.0130 on Friday. 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 $20.22 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.58 and a beta of 1.08. The stock has a 50 day moving average of $164.80 and a 200 day moving average of $175.70. GoDaddy Inc. has a 12 month low of $132.51 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy's revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.

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