Korea Investment CORP Has $22.43 Million Holdings in GoDaddy Inc. $GDDY

Korea Investment CORP decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 124,560 shares of the technology company’s stock after selling 6,079 shares during the period. Korea Investment CORP’s holdings in GoDaddy were worth $22,428,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CX Institutional grew its position in GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after acquiring an additional 67 shares during the last quarter. MAI Capital Management raised its position in GoDaddy by 8.7% in 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. UMB Bank n.a. boosted its stake in GoDaddy by 13.1% in the second quarter. UMB Bank n.a. now owns 795 shares of the technology company’s stock worth $143,000 after purchasing an additional 92 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of GoDaddy by 14.0% during the second quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock worth $134,000 after purchasing an additional 92 shares during the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of 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 purchasing an additional 94 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GDDY. UBS Group reduced their price target on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Citigroup reduced their target price on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. B. Riley lowered their price target 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. Wells Fargo & Company dropped their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, Evercore ISI decreased their price objective on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, October 31st. 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 stock. According to MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and an average target price of $181.14.

GoDaddy Trading Up 0.6%

Shares of NYSE GDDY opened at $127.86 on Friday. GoDaddy Inc. has a fifty-two week low of $121.94 and a fifty-two week high of $216.00. The firm has a market capitalization of $17.28 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.36 and a beta of 0.96. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $132.28 and its 200 day simple moving average is $153.48.

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

Insiders Place Their Bets

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the transaction, the chief executive officer owned 406,065 shares of the company’s stock, valued at approximately $60,909,750. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the transaction, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. This trade represents a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,553 shares of company stock valued at $2,825,527 in the last ninety days. 0.70% of the stock is currently owned by insiders.

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.