AlphaQuest LLC Raises Stock Position in GoDaddy Inc. $GDDY

AlphaQuest LLC boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 54.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 8,756 shares of the technology company’s stock after purchasing an additional 3,093 shares during the quarter. AlphaQuest LLC’s holdings in GoDaddy were worth $1,577,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GDDY. Equitable Trust Co. boosted its holdings 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 valued at $1,199,000 after purchasing an additional 64 shares during the last quarter. CX Institutional boosted its holdings in shares of GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock valued at $104,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP boosted its holdings 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 valued at $284,000 after purchasing an additional 73 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings 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 valued at $25,000 after purchasing an additional 79 shares during the last quarter. Finally, MAI Capital Management boosted its holdings 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 valued at $185,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. UBS Group lowered their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. Barclays lowered their price target on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GoDaddy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and an average target price of $199.00.

Insider Buying and Selling

In other news, 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 approximately $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Phontip Palitwanon sold 777 shares of the firm’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 transaction, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,203 shares of company stock worth $4,031,238 over the last three months. 0.70% of the stock is currently owned by company insiders.

GoDaddy Stock Performance

GoDaddy stock opened at $130.92 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. GoDaddy Inc. has a 1-year low of $127.65 and a 1-year high of $216.00. The firm has a market capitalization of $18.13 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company’s 50-day moving average is $140.63 and its 200 day moving average is $162.25.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data 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. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $1.01 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast 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.