Charles Schwab Investment Management Inc. Acquires 28,851 Shares of GoDaddy Inc. $GDDY

Charles Schwab Investment Management Inc. raised its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 3.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 994,229 shares of the technology company’s stock after purchasing an additional 28,851 shares during the period. Charles Schwab Investment Management Inc.’s holdings in GoDaddy were worth $179,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bayforest Capital Ltd bought a new position in shares of GoDaddy in the second quarter valued at approximately $26,000. NewSquare Capital LLC grew its holdings in GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after buying an additional 94 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in GoDaddy in the 1st quarter valued at $30,000. Banque Transatlantique SA purchased a new stake in GoDaddy in the 1st quarter valued at $36,000. Finally, Steph & Co. bought a new position in GoDaddy during the 2nd quarter valued at $55,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Performance

NYSE GDDY opened at $127.13 on Thursday. GoDaddy Inc. has a 52-week low of $121.94 and a 52-week high of $216.00. The company has a 50-day simple moving average of $133.01 and a 200 day simple moving average of $154.31. 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 company has a market capitalization of $17.18 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GDDY shares. Evercore ISI reduced their target price on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research note on Friday, October 31st. Raymond James Financial restated a “strong-buy” rating on shares of GoDaddy in a report on Friday, October 31st. Barclays reduced their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada decreased their price objective on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Benchmark dropped their target price on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.14.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Phontip Palitwanon sold 777 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the sale, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,553 shares of company stock valued at $2,825,527 in the last quarter. 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.