Vanguard Group Inc. Boosts Holdings in GoDaddy Inc. $GDDY

Vanguard Group Inc. raised its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 3.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,762,137 shares of the technology company’s stock after buying an additional 627,923 shares during the period. Vanguard Group Inc. owned about 13.17% of GoDaddy worth $3,378,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Equitable Trust Co. raised its position in GoDaddy by 1.0% during the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock valued at $1,199,000 after acquiring an additional 64 shares in the last quarter. CX Institutional grew its stake in shares of GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after purchasing an additional 67 shares during the period. MAI Capital Management increased 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 in the last quarter. UMB Bank n.a. lifted its stake in shares of GoDaddy by 13.1% in the 2nd quarter. UMB Bank n.a. now owns 795 shares of the technology company’s stock valued at $143,000 after purchasing an additional 92 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of GoDaddy by 14.0% in the 2nd quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock valued at $134,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup cut their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a report on Friday, October 31st. Barclays dropped their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company reduced their price target on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. B. Riley dropped their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy presently has a consensus rating of “Moderate Buy” and an average target price of $181.14.

GoDaddy Trading Down 0.0%

Shares of GoDaddy stock opened at $124.25 on Friday. The firm has a market capitalization of $16.79 billion, a PE ratio of 22.19, a P/E/G ratio of 1.36 and a beta of 0.96. GoDaddy Inc. has a twelve month low of $121.94 and a twelve month high of $216.00. The firm’s 50-day moving average price is $134.48 and its 200 day moving average price is $156.08. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period 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, sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Activity

In related news, COO Roger Chen sold 1,000 shares of the 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 transaction, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at approximately $36,711,488.79. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $133.11, for a total transaction of $66,555.00. Following the sale, the director directly owned 19,957 shares in the company, valued at approximately $2,656,476.27. This trade represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 19,553 shares of company stock valued at $2,825,527 in the last three months. Company insiders own 0.70% of the company’s stock.

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.