Pictet Asset Management Holding SA Has $11.44 Million Stock Holdings in GoDaddy Inc. $GDDY

Pictet Asset Management Holding SA lifted its holdings in GoDaddy Inc. (NYSE:GDDY) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,223 shares of the technology company’s stock after buying an additional 10,364 shares during the period. Pictet Asset Management Holding SA owned about 0.07% of GoDaddy worth $11,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. boosted its stake in GoDaddy by 130.5% in the 3rd quarter. American Century Companies Inc. now owns 151,432 shares of the technology company’s stock valued at $20,720,000 after purchasing an additional 85,733 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in GoDaddy in the 3rd quarter valued at $30,575,000. GDS Wealth Management boosted its stake in GoDaddy by 14.4% in the 3rd quarter. GDS Wealth Management now owns 68,577 shares of the technology company’s stock valued at $9,383,000 after purchasing an additional 8,637 shares during the period. TD Asset Management Inc boosted its stake in GoDaddy by 17.9% in the 3rd quarter. TD Asset Management Inc now owns 260,682 shares of the technology company’s stock valued at $35,669,000 after purchasing an additional 39,626 shares during the period. Finally, Strive Asset Management LLC bought a new stake in GoDaddy in the 3rd quarter valued at $20,493,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

NYSE:GDDY opened at $86.82 on Friday. The stock has a fifty day moving average price of $84.84 and a 200-day moving average price of $106.85. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.80 and a beta of 0.92. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.61 and a current ratio of 0.61. GoDaddy Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $190.50.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. GoDaddy had a return on equity of 366.98% and a net margin of 17.32%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 EPS. As a group, equities analysts anticipate that GoDaddy Inc. will post 7.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Leah Sweet sold 650 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $86.86, for a total transaction of $56,459.00. Following the completion of the sale, the director directly owned 11,414 shares in the company, valued at $991,420.04. This represents a 5.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Mccaffrey sold 17,406 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total value of $1,548,959.94. Following the sale, the chief financial officer owned 113,003 shares of the company’s stock, valued at approximately $10,056,136.97. This represents a 13.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 61,918 shares of company stock valued at $5,500,469 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on GoDaddy from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Friday. Cantor Fitzgerald reduced their price target on GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. UBS Group reduced their price target on GoDaddy from $145.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Morgan Stanley cut their target price on GoDaddy from $159.00 to $145.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Finally, Citigroup cut their target price on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.93.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Q1 beat on both EPS and revenue, showing execution strength (EPS $1.60 vs. est. $1.53; revenue $1.27B vs. est. $1.26B) — confirms underlying growth and drove the initial rally. Zacks: Beats Q1 Earnings
• Positive Sentiment: AI platform (Airo) is accelerating monetization — ARPU rose ~9.3% y/y to $246 and management cited faster monetization, supporting better margins and cash generation. This is the main structural growth argument for the stock. Zacks: Airo Execution
• Positive Sentiment: Management/guidance tone is constructive: company forecasted quarterly revenue above estimates and issued FY revenue range roughly in line with consensus, reinforcing the AI-led growth narrative. Reuters: Forecasts Revenue Above Estimates
• Positive Sentiment: Market reaction: coverage and commentaries note a share-price pop after the print, reflecting investor enthusiasm around AI product traction and improving unit economics. Blockonomi: Stock Surges
• Neutral Sentiment: Press release and investor materials (slides, prepared remarks) are available for deeper reads on segment performance, cash flow and capital allocation—useful for modeling next quarters. PR Newswire: Q1 Results
• Neutral Sentiment: Some outlets characterize revenue as essentially in-line with expectations despite the beat—investors should focus on margin/ARPU trends and guidance cadence rather than headline revenue only. Yahoo Finance: Revenue In Line
• Negative Sentiment: JPMorgan trimmed its price target from $167 to $154 (while keeping an Overweight rating), which reduces some upside expectations and may cap near-term analyst-driven flows. TickerReport/Benzinga: JPMorgan Lowers PT

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.