Ethic Inc. Sells 4,402 Shares of GoDaddy Inc. $GDDY

Ethic Inc. trimmed its position in shares of GoDaddy Inc. (NYSE:GDDY) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,066 shares of the technology company’s stock after selling 4,402 shares during the quarter. Ethic Inc.’s holdings in GoDaddy were worth $5,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted 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 buying an additional 462,807 shares during the period. WCM Investment Management LLC raised its holdings in GoDaddy by 5.7% in the 2nd quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock worth $660,979,000 after purchasing an additional 199,459 shares during the period. Invesco Ltd. raised its holdings in GoDaddy by 13.8% in the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock worth $597,317,000 after purchasing an additional 401,918 shares during the period. Wellington Management Group LLP raised its holdings in GoDaddy by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock worth $567,017,000 after purchasing an additional 371,188 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in GoDaddy by 41.1% in 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 during the period. 90.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on GDDY. UBS Group decreased their target price on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Royal Bank Of Canada decreased their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Piper Sandler set a $182.00 target price on GoDaddy and gave the stock an “overweight” rating in a report on Friday, August 8th. Citigroup decreased their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Finally, Barclays decreased their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average price target of $199.00.

GoDaddy Price Performance

NYSE:GDDY opened at $132.34 on Friday. 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 business’s 50-day simple moving average is $140.94 and its two-hundred day simple moving average is $162.46. The stock has a market cap of $18.32 billion, a PE ratio of 23.63, a P/E/G ratio of 1.43 and a beta of 0.98. GoDaddy Inc. has a 52 week low of $127.65 and a 52 week high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the completion of the transaction, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total value of $900,000.00. Following the transaction, the chief executive officer owned 406,065 shares of the company’s stock, valued at approximately $60,909,750. The trade was a 1.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,203 shares of company stock valued at $4,031,238. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy 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.