Teacher Retirement System of Texas Has $23.15 Million Holdings in GoDaddy Inc. $GDDY

Teacher Retirement System of Texas lessened its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 20.7% during the second quarter, Holdings Channel.com reports. The firm owned 128,555 shares of the technology company’s stock after selling 33,574 shares during the quarter. Teacher Retirement System of Texas’ holdings in GoDaddy were worth $23,148,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HighPoint Advisor Group LLC lifted its holdings in GoDaddy by 15.9% in the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after buying an additional 293 shares during the period. DAVENPORT & Co LLC lifted its holdings in GoDaddy by 7.7% in the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock valued at $354,000 after buying an additional 141 shares during the period. Optimist Retirement Group LLC lifted its holdings in GoDaddy by 5.8% in the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock valued at $274,000 after buying an additional 84 shares during the period. Voya Investment Management LLC lifted its holdings in GoDaddy by 102.8% in the first quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock valued at $145,033,000 after buying an additional 408,178 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in GoDaddy by 13.5% in 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 buying an additional 699 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Amanpal Singh Bhutani sold 6,950 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the transaction, the chief executive officer owned 412,065 shares of the company’s stock, valued at approximately $58,599,763.65. This trade represents a 1.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leah Sweet sold 650 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total transaction of $91,741.00. Following the completion of the transaction, the director directly owned 12,064 shares in the company, valued at approximately $1,702,712.96. The trade was a 5.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,203 shares of company stock worth $4,031,238 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GDDY. Royal Bank Of Canada dropped their target price 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. Raymond James Financial dropped their target price 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Barclays cut their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Finally, Wells Fargo & Company cut their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

GoDaddy Price Performance

GDDY stock opened at $131.83 on Tuesday. The stock has a market capitalization of $18.25 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company’s 50-day moving average is $140.39 and its 200-day moving average is $161.87. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. GoDaddy Inc. has a 1 year low of $127.65 and a 1 year high of $216.00.

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

About GoDaddy

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.