Keybank National Association OH Has $1.49 Million Stock Position in GoDaddy Inc. $GDDY

Keybank National Association OH reduced its holdings in GoDaddy Inc. (NYSE:GDDY) by 22.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,279 shares of the technology company’s stock after selling 2,461 shares during the period. Keybank National Association OH’s holdings in GoDaddy were worth $1,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arkadios Wealth Advisors acquired a new position in GoDaddy in the 2nd quarter valued at approximately $210,000. Quaker Wealth Management LLC increased its position in shares of GoDaddy by 201.0% during the second quarter. Quaker Wealth Management LLC now owns 736 shares of the technology company’s stock worth $133,000 after buying an additional 1,465 shares during the period. New York Life Investment Management LLC increased its position in shares of GoDaddy by 2.6% during the second quarter. New York Life Investment Management LLC now owns 19,340 shares of the technology company’s stock worth $3,482,000 after buying an additional 490 shares during the period. Motley Fool Asset Management LLC increased its position in shares of GoDaddy by 10.6% during the second quarter. Motley Fool Asset Management LLC now owns 4,102 shares of the technology company’s stock worth $739,000 after buying an additional 393 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of GoDaddy by 20.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock worth $17,888,000 after buying an additional 17,200 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Trading Up 5.2%

NYSE:GDDY opened at $133.35 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.36 and a beta of 0.98. The firm has a fifty day simple moving average of $139.06 and a two-hundred day simple moving average of $160.59. GoDaddy Inc. has a 12 month low of $125.00 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly 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 business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $1.32 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,950 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the transaction, the chief executive officer directly owned 412,065 shares of the company’s stock, valued at approximately $58,599,763.65. This trade represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leah Sweet sold 650 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total transaction of $91,741.00. Following the completion of the transaction, the director directly owned 12,064 shares in the company, valued at $1,702,712.96. This trade represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 20,703 shares of company stock valued at $2,994,243. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley set a $159.00 price objective on shares of GoDaddy in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI decreased their price objective on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday. Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a research report on Friday. Finally, UBS Group decreased their price objective on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $184.07.

GoDaddy Company Profile

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.