Angeles Wealth Management LLC Acquires Shares of 1,190 GoDaddy Inc. $GDDY

Angeles Wealth Management LLC acquired a new stake in GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,190 shares of the technology company’s stock, valued at approximately $214,000.

Several other institutional investors also recently bought and sold shares of the company. Equitable Trust Co. grew its stake in shares of GoDaddy by 1.0% during the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 64 shares during the period. CX Institutional grew its stake in shares of GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after purchasing an additional 67 shares during the period. Allworth Financial LP grew its stake in shares of GoDaddy by 4.9% during the 1st quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock worth $284,000 after purchasing an additional 73 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of 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 purchasing an additional 79 shares during the period. Finally, MAI Capital Management grew its stake in shares of GoDaddy by 8.7% during the 1st quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock worth $185,000 after purchasing an additional 82 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GDDY. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Raymond James Financial lowered their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Barclays lowered their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Citigroup lowered their price objective on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average price target of $199.00.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $128.68 on Friday. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.39 and a beta of 0.98. GoDaddy Inc. has a 52 week low of $127.65 and a 52 week high of $216.00. The company’s 50-day moving average price is $141.60 and its 200 day moving average price is $163.42. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY) last issued 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. The firm had revenue of $1.22 billion for 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 firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GoDaddy news, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $110,497.17. Following the transaction, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Mccaffrey sold 3,326 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the transaction, the chief financial officer owned 70,133 shares in the company, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,203 shares of company stock worth $4,031,238 in the last 90 days. 0.70% of the stock is currently owned by corporate 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.