3,376 Shares in GoDaddy Inc. $GDDY Bought by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a $604,000 stake in GoDaddy Inc., purchasing 3,376 shares during the first quarter.
• Analysts have lowered their target prices for GoDaddy, with Barclays setting it at $200 and Wells Fargo at $157, while the consensus price target stands at $202.43.
• GoDaddy reported an EPS of $1.41 for the last quarter, exceeding estimates and representing an 8.3% revenue increase year-over-year.

United Services Automobile Association bought a new position in GoDaddy Inc. (NYSE:GDDY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,376 shares of the technology company's stock, valued at approximately $604,000.

A number of other hedge funds also recently made changes to their positions in GDDY. Cornerstone Planning Group LLC lifted its position in shares of GoDaddy by 123.4% in 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 in the last quarter. Park Square Financial Group LLC purchased a new stake in GoDaddy during the first quarter valued at approximately $27,000. Private Trust Co. NA raised its position in GoDaddy by 591.3% during 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 purchased a new stake in GoDaddy during the first quarter valued at approximately $30,000. Finally, Banque Transatlantique SA purchased a new stake in GoDaddy during the first quarter valued at approximately $36,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Trading Down 2.2%

NYSE:GDDY traded down $3.29 during midday trading on Friday, hitting $145.30. The stock had a trading volume of 974,323 shares, compared to its average volume of 1,542,518. GoDaddy Inc. has a one year low of $132.51 and a one year high of $216.00. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.61 and a beta of 1.02. The stock has a 50-day moving average of $154.93 and a 200 day moving average of $170.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Raymond James Financial decreased their price objective on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada decreased their price objective on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company reduced their price target on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 price target on GoDaddy and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Barclays reduced their price target on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a 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 issued a Hold rating to the company. According to MarketBeat, GoDaddy has an average rating of "Moderate Buy" and an average price target of $202.43.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares of the company's stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction 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. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,828 shares of company stock worth $5,424,888. 0.70% of the stock is currently owned by company insiders.

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.