Prospera Financial Services Inc Acquires 2,651 Shares of GoDaddy Inc. $GDDY

Prospera Financial Services Inc grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 54.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,508 shares of the technology company’s stock after buying an additional 2,651 shares during the quarter. Prospera Financial Services Inc’s holdings in GoDaddy were worth $1,352,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in GDDY. HighPoint Advisor Group LLC lifted its holdings in GoDaddy by 15.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after purchasing an additional 293 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of GoDaddy by 20.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock worth $17,888,000 after purchasing an additional 17,200 shares in the last quarter. Optimist Retirement Group LLC increased its position in shares of GoDaddy by 5.8% in the 1st quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock valued at $274,000 after buying an additional 84 shares in the last quarter. Voya Investment Management LLC raised its stake in GoDaddy by 102.8% during the 1st quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock worth $145,033,000 after buying an additional 408,178 shares during the period. Finally, Andra AP fonden raised its stake in GoDaddy by 42.4% during the 2nd quarter. Andra AP fonden now owns 381,310 shares of the technology company’s stock worth $68,659,000 after buying an additional 113,600 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,950 shares of the business’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 $988,359.50. Following the sale, the chief executive officer owned 412,065 shares of the company’s stock, valued at $58,599,763.65. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at $36,711,488.79. This represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,553 shares of company stock worth $2,969,057 over the last 90 days. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GDDY has been the topic of several research reports. Citigroup decreased their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, October 31st. B. Riley dropped their target price on shares of GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $150.00 price objective on shares of GoDaddy in a report on Friday, October 31st. Morgan Stanley set a $159.00 target price on GoDaddy in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GoDaddy in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average target price of $184.07.

GoDaddy Trading Up 0.1%

Shares of GDDY opened at $131.64 on Wednesday. GoDaddy Inc. has a 1-year low of $125.00 and a 1-year high of $216.00. 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 firm’s 50-day moving average price is $137.11 and its 200-day moving average price is $158.55. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.36 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business posted $1.32 earnings per share. GoDaddy’s quarterly revenue was up 10.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

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.