One Wealth Advisors LLC Decreases Position in GoDaddy Inc. $GDDY

Key Points

• One Wealth Advisors LLC has reduced its position in GoDaddy Inc. by 39.2% during the 2nd quarter, ending with holdings worth $665,000.
• Shares of GoDaddy opened at $141.54, with a market capitalization of $19.60 billion and notable trading data including a 1-year low of $132.51 and a 1-year high of $216.00.
• Insiders, including CEO Amanpal Singh Bhutani, sold significant shares recently, with 34,328 shares sold in total, valued at over $5.3 million in the last three months.

One Wealth Advisors LLC decreased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 39.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,694 shares of the technology company's stock after selling 2,378 shares during the quarter. One Wealth Advisors LLC's holdings in GoDaddy were worth $665,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in GoDaddy by 123.4% during the first 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 shares of GoDaddy in the first quarter valued at approximately $27,000. Private Trust Co. NA increased its holdings in shares of GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after purchasing an additional 136 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the first quarter valued at approximately $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of GoDaddy in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Trading Up 0.1%

Shares of GDDY stock opened at $141.54 on Tuesday. The business's fifty day moving average price is $148.99 and its 200 day moving average price is $168.01. GoDaddy Inc. has a 1-year low of $132.51 and a 1-year high of $216.00. The firm has a market capitalization of $19.60 billion, a PE ratio of 25.28, a P/E/G ratio of 1.53 and a beta of 1.02. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. The company had revenue of $1.22 billion for 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 quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $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 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Brian Sharples sold 500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $146.26, for a total value of $73,130.00. Following the sale, the director directly owned 20,957 shares in the company, valued at $3,065,170.82. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were 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 owned 406,065 shares in the company, valued at $60,909,750. This represents 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 34,328 shares of company stock valued at $5,304,798. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GDDY. Royal Bank Of Canada dropped their target price on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Barclays dropped their target price on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. Citigroup dropped their target price on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, Wells Fargo & Company dropped their price objective on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a report on Friday, August 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 stock. According to data from MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

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.

Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoDaddy Inc. (NYSE:GDDY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.