Lbp Am Sa Boosts Stake in GoDaddy Inc. $GDDY

Lbp Am Sa raised its position in shares of GoDaddy Inc. (NYSE:GDDY) by 23.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,719 shares of the technology company’s stock after acquiring an additional 10,738 shares during the period. Lbp Am Sa’s holdings in GoDaddy were worth $10,213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GDDY. City Holding Co. lifted its stake in shares of GoDaddy by 30.0% in the first quarter. City Holding Co. now owns 260 shares of the technology company’s stock worth $47,000 after acquiring an additional 60 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of GoDaddy by 1.0% in the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock worth $1,199,000 after acquiring an additional 64 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of GoDaddy by 0.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company’s stock worth $1,435,000 after acquiring an additional 67 shares in the last quarter. CX Institutional lifted its stake in shares of GoDaddy by 13.1% in the second quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after acquiring an additional 67 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of GoDaddy by 4.9% in the first quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock worth $284,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other news, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the transaction, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the transaction, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,703 shares of company stock valued at $4,132,543. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler set a $182.00 price target on GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. Raymond James Financial cut their price target on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Citigroup cut their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. UBS Group cut their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barclays cut their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.79.

GoDaddy Trading Down 3.3%

Shares of NYSE GDDY opened at $132.35 on Thursday. The stock’s 50 day moving average price is $147.65 and its two-hundred day moving average price is $167.55. GoDaddy Inc. has a 52-week low of $131.29 and a 52-week high of $216.00. The stock has a market capitalization of $18.32 billion, a P/E ratio of 23.63, a PEG ratio of 1.48 and a beta of 0.98. 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) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal 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.