GoDaddy Inc. $GDDY Holdings Boosted by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC boosted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 1.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 75,354 shares of the technology company’s stock after buying an additional 1,182 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in GoDaddy were worth $13,568,000 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 GDDY. Goldman Sachs Group Inc. grew its position in 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 purchasing an additional 1,610,890 shares in the last quarter. JPMorgan Chase & Co. grew its position in GoDaddy by 41.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock worth $439,525,000 after purchasing an additional 710,842 shares in the last quarter. Pacer Advisors Inc. grew its position in GoDaddy by 893.4% during the 1st quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company’s stock worth $116,685,000 after purchasing an additional 582,539 shares in the last quarter. National Bank of Canada FI grew its position in GoDaddy by 719.5% during the 1st quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock worth $97,008,000 after purchasing an additional 472,805 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of GoDaddy by 2.6% during 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 acquiring an additional 462,807 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Citigroup lowered their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. UBS Group lowered their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Raymond James Financial lowered their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.00.

GoDaddy Trading Up 0.5%

Shares of NYSE:GDDY opened at $128.68 on Monday. The stock has a market capitalization of $17.82 billion, a PE ratio of 22.98, a P/E/G ratio of 1.39 and a beta of 0.98. GoDaddy Inc. has a 1 year low of $127.65 and a 1 year high of $216.00. The firm has a fifty day moving average price of $141.60 and a 200 day moving average price of $163.32. 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 issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company posted $1.01 earnings per share. GoDaddy’s revenue for the quarter was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,950 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $988,359.50. Following the completion of the transaction, the chief executive officer owned 412,065 shares of the company’s stock, valued at $58,599,763.65. The trade was a 1.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the transaction, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,203 shares of company stock valued at $4,031,238. 0.70% of the stock is owned by corporate insiders.

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.