ASR Vermogensbeheer N.V. Buys 6,473 Shares of GoDaddy Inc. $GDDY

ASR Vermogensbeheer N.V. grew its position in GoDaddy Inc. (NYSE:GDDY) by 60.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,163 shares of the technology company’s stock after purchasing an additional 6,473 shares during the period. ASR Vermogensbeheer N.V.’s holdings in GoDaddy were worth $3,090,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in GoDaddy by 257.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock valued at $402,946,000 after acquiring an additional 1,610,890 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in GoDaddy by 1,412.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company’s stock valued at $242,727,000 after acquiring an additional 1,258,324 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of GoDaddy by 41.1% in the first 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. lifted its position in shares of GoDaddy by 893.4% in the first 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. Finally, National Bank of Canada FI lifted its position in shares of GoDaddy by 719.5% in the first 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. 90.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Mark Mccaffrey sold 3,326 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 value of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares of the company’s stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total transaction of $68,285.00. Following the completion of the sale, the director directly owned 20,457 shares in the company, valued at approximately $2,793,812.49. This represents a 2.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,203 shares of company stock worth $4,200,828. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

GDDY has been the topic of several analyst reports. UBS Group dropped their target price on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday. Citigroup lowered their price objective on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wells Fargo & Company decreased their target price on shares of GoDaddy from $198.00 to $157.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Finally, Raymond James Financial decreased their price target 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.79.

GoDaddy Trading Up 0.7%

Shares of GDDY stock opened at $134.92 on Friday. The firm has a market capitalization of $18.68 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.45 and a beta of 0.98. GoDaddy Inc. has a twelve month low of $131.29 and a twelve month high of $216.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock’s fifty day simple moving average is $146.38 and its 200 day simple moving average is $166.93.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates 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. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

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.