DekaBank Deutsche Girozentrale Boosts Holdings in GoDaddy Inc. $GDDY

DekaBank Deutsche Girozentrale grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 11.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,722 shares of the technology company’s stock after purchasing an additional 4,068 shares during the period. DekaBank Deutsche Girozentrale’s holdings in GoDaddy were worth $7,087,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GDDY. Wealth Enhancement Advisory Services LLC raised its stake in shares of GoDaddy by 13.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company’s stock valued at $1,060,000 after purchasing an additional 699 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of GoDaddy by 7.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,356 shares of the technology company’s stock valued at $424,000 after purchasing an additional 160 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of GoDaddy by 127.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,351 shares of the technology company’s stock valued at $1,865,000 after purchasing an additional 5,809 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of GoDaddy by 9.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 88,479 shares of the technology company’s stock valued at $15,939,000 after purchasing an additional 7,806 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of GoDaddy by 0.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 312,515 shares of the technology company’s stock valued at $56,296,000 after purchasing an additional 2,702 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Down 1.1%

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 stock has a market cap of $18.13 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.43 and a beta of 0.98. The business has a fifty day moving average of $140.63 and a 200-day moving average of $162.25. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion during 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 company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Ratings Changes

GDDY has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price objective on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Citigroup lowered their price objective on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.00.

Insiders Place Their Bets

In other news, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the sale, the chief accounting officer owned 20,421 shares in the company, valued at $2,904,070.41. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were 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 approximately $36,711,488.79. This trade represents a 0.40% 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 currently owned by 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.