GoDaddy Inc. $GDDY Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in GoDaddy Inc. (NYSE:GDDY) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,430 shares of the technology company’s stock after acquiring an additional 2,148 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in GoDaddy were worth $3,859,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its stake in shares of GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after acquiring an additional 79 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of GoDaddy in the first quarter worth about $27,000. Private Trust Co. NA lifted its stake in shares of GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the first quarter worth about $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of GoDaddy in the first quarter worth about $36,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,326 shares of the company’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 $472,990.46. Following the completion of the sale, the chief financial officer directly owned 70,133 shares in the company, valued at $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer owned 251,949 shares of the company’s stock, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,203 shares of company stock valued at $4,031,238 over the last three months. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on GDDY. UBS Group cut their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Barclays cut their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

GoDaddy Stock Down 0.1%

NYSE:GDDY opened at $132.28 on Wednesday. The firm has a market capitalization of $18.31 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The stock has a 50 day moving average of $142.63 and a 200-day moving average of $164.49. GoDaddy Inc. has a 52 week low of $130.00 and a 52 week high of $216.00. 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 earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

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.