Caitong International Asset Management Co. Ltd Makes New Investment in GoDaddy Inc. $GDDY

Caitong International Asset Management Co. Ltd purchased a new position in GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 367 shares of the technology company’s stock, valued at approximately $66,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of GoDaddy by 257.3% during 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. JPMorgan Chase & Co. boosted its position in shares of GoDaddy by 41.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock valued at $439,525,000 after acquiring an additional 710,842 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of GoDaddy by 893.4% during the 1st quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company’s stock valued at $116,685,000 after acquiring an additional 582,539 shares in the last quarter. National Bank of Canada FI boosted its position in shares of GoDaddy by 719.5% during the 1st quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock valued at $97,008,000 after acquiring an additional 472,805 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Amanpal Singh Bhutani sold 6,950 shares of GoDaddy stock in a transaction that occurred 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 sale, the chief executive officer owned 412,065 shares in the company, valued at $58,599,763.65. The trade was a 1.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total transaction of $91,741.00. Following the sale, the director owned 12,064 shares of the company’s stock, valued at approximately $1,702,712.96. This represents a 5.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,203 shares of company stock valued at $4,031,238. Insiders own 0.70% of the company’s stock.

GoDaddy Trading Down 1.1%

Shares of NYSE GDDY opened at $130.92 on Friday. GoDaddy Inc. has a 1-year low of $127.65 and a 1-year high of $216.00. The company has a market cap of $18.13 billion, a PE ratio of 23.38, a P/E/G ratio of 1.43 and a beta of 0.98. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The company has a 50-day moving average of $140.63 and a two-hundred day moving average of $162.25.

GoDaddy (NYSE:GDDY) last announced its earnings results 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. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on GDDY. Raymond James Financial cut their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a report on Friday, August 8th. Citigroup cut their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. Barclays cut their price target on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Royal Bank Of Canada cut their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Wells Fargo & Company cut their price target on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. 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 company. According to data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and an average target price of $199.00.

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.