Trust Co. of Toledo NA OH Invests $87,000 in GoDaddy Inc. $GDDY

Trust Co. of Toledo NA OH acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the 2nd quarter, HoldingsChannel reports. The fund acquired 483 shares of the technology company’s stock, valued at approximately $87,000.

Several other large investors also recently modified their holdings of GDDY. Goldman Sachs Group Inc. grew its position in shares of GoDaddy by 257.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock worth $402,946,000 after buying an additional 1,610,890 shares during the period. JPMorgan Chase & Co. grew its position in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock valued at $439,525,000 after purchasing an additional 710,842 shares during the period. Pacer Advisors Inc. grew its position in GoDaddy by 893.4% in the 1st quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company’s stock valued at $116,685,000 after purchasing an additional 582,539 shares during the period. National Bank of Canada FI grew its position in GoDaddy by 719.5% in the 1st quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock valued at $97,008,000 after purchasing an additional 472,805 shares during the period. Finally, Vanguard Group Inc. grew its position in GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock valued at $3,266,697,000 after purchasing an additional 462,807 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

NYSE:GDDY opened at $130.62 on Monday. The business has a 50 day moving average of $143.57 and a 200 day moving average of $165.04. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.41 and a beta of 0.98. GoDaddy Inc. has a 1-year low of $130.17 and a 1-year high of $216.00. 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 (NYSE:GDDY) last released its earnings results 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. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the sale, the chief executive officer owned 406,065 shares in the company, valued at $60,909,750. The trade was a 1.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the business’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 value of $110,497.17. Following the completion of the sale, the chief accounting officer owned 20,421 shares of the company’s stock, valued at $2,904,070.41. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,203 shares of company stock worth $4,200,828 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on GDDY shares. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a research report on Wednesday, October 8th. Citigroup lowered their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada reduced their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, UBS Group cut their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. One 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 MarketBeat.com, GoDaddy presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

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.