QRG Capital Management Inc. Has $18.94 Million Stock Holdings in GoDaddy Inc. $GDDY

QRG Capital Management Inc. boosted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 105,170 shares of the technology company’s stock after buying an additional 10,258 shares during the period. QRG Capital Management Inc. owned approximately 0.07% of GoDaddy worth $18,937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. HighPoint Advisor Group LLC increased 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 worth $402,000 after purchasing an additional 293 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of GoDaddy during the first quarter worth about $291,000. DAVENPORT & Co LLC grew its holdings in shares of GoDaddy by 7.7% during the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock worth $354,000 after buying an additional 141 shares in the last quarter. Optimist Retirement Group LLC raised its position in 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 during the last quarter. Finally, Voya Investment Management LLC raised its position in GoDaddy by 102.8% in the 1st quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock valued at $145,033,000 after buying an additional 408,178 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target 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 decreased their target price on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research note on Saturday, September 27th. Raymond James Financial reduced their price objective on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Friday, August 8th. Finally, Barclays decreased their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.79.

GoDaddy Stock Up 0.7%

Shares of GDDY stock 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 stock has a market cap of $18.68 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.46 and a beta of 0.98. The firm’s 50-day moving average is $146.38 and its 200-day moving average is $166.83. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total transaction of $68,285.00. Following the completion of the sale, the director owned 20,457 shares of the company’s stock, valued at $2,793,812.49. This trade represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the transaction, the chief executive officer owned 406,065 shares in the company, valued at approximately $60,909,750. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,203 shares of company stock worth $4,200,828 in the last quarter. Company insiders own 0.70% of the company’s stock.

GoDaddy Profile

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.