GoDaddy Inc. $GDDY Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 6.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,604 shares of the technology company’s stock after purchasing an additional 2,298 shares during the period. Illinois Municipal Retirement Fund’s holdings in GoDaddy were worth $6,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Equitable Trust Co. raised its holdings in GoDaddy by 1.0% during the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock worth $1,199,000 after buying an additional 64 shares during the period. CX Institutional increased its position in shares of GoDaddy by 13.1% in the second quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after acquiring an additional 67 shares in the last quarter. Allworth Financial LP raised its holdings in shares of GoDaddy by 4.9% during the first quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock valued at $284,000 after acquiring an additional 73 shares during the period. MAI Capital Management lifted its position in shares of 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 acquiring an additional 82 shares in the last quarter. Finally, Optimist Retirement Group LLC lifted its position in shares of GoDaddy by 5.8% in the 1st quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock valued at $274,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Price Performance

GDDY opened at $131.64 on Wednesday. The stock has a fifty day moving average price of $137.11 and a 200 day moving average price of $158.55. 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 Inc. has a 1 year low of $125.00 and a 1 year high of $216.00. The stock has a market cap of $17.79 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.36 and a beta of 0.96.

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

Analyst Ratings Changes

GDDY has been the topic of several recent analyst reports. Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. UBS Group lowered their price target on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Morgan Stanley set a $159.00 price objective on GoDaddy in a research note on Friday, October 31st. B. Riley decreased their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Benchmark dropped their target price on GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and a consensus price target of $184.07.

Insider Activity

In other news, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer owned 70,133 shares in the company, valued at $9,973,613.93. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. This represents a 0.40% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 20,553 shares of company stock valued at $2,969,057. 0.70% of the stock is currently owned by company 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.