Carolina Wealth Advisors LLC Acquires 1,770 Shares of GoDaddy Inc. $GDDY

Carolina Wealth Advisors LLC grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 32.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,175 shares of the technology company’s stock after purchasing an additional 1,770 shares during the quarter. GoDaddy comprises about 0.6% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest position. Carolina Wealth Advisors LLC’s holdings in GoDaddy were worth $1,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in GoDaddy by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock worth $3,266,697,000 after buying an additional 462,807 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of GoDaddy by 2.0% in the first quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company’s stock worth $620,931,000 after acquiring an additional 67,152 shares during the last quarter. Invesco Ltd. lifted its position in shares of GoDaddy by 13.8% during the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock worth $597,317,000 after purchasing an additional 401,918 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of GoDaddy by 13.4% during the first quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock valued at $567,017,000 after purchasing an additional 371,188 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of GoDaddy by 41.1% in the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock valued at $439,525,000 after purchasing an additional 710,842 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a report on Friday, August 8th. Citigroup decreased their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Wells Fargo & Company lowered their price objective on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada cut their target price 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. Finally, Raymond James Financial lowered their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-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 issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $197.79.

GoDaddy Trading Up 0.7%

NYSE GDDY opened at $134.92 on Friday. GoDaddy Inc. has a 52 week low of $131.29 and a 52 week high of $216.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s 50 day moving average price is $146.38 and its two-hundred day moving average price is $166.83. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.46 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the sale, the chief operating officer owned 251,949 shares in the company, valued at approximately $36,711,488.79. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 406,065 shares of the company’s stock, valued at $60,909,750. This trade represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,203 shares of company stock worth $4,200,828. 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.