Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in GoDaddy Inc. $GDDY

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in GoDaddy Inc. (NYSE:GDDY) by 7.4% during the second quarter, Holdings Channel.com reports. The firm owned 277,258 shares of the technology company’s stock after acquiring an additional 19,104 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in GoDaddy were worth $49,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in GoDaddy by 257.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock valued at $402,946,000 after buying 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 worth $439,525,000 after acquiring an additional 710,842 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of GoDaddy by 893.4% in 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 during the last quarter. National Bank of Canada FI increased its holdings in shares of GoDaddy by 719.5% in 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 during the last quarter. Finally, Vanguard Group Inc. raised 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 worth $3,266,697,000 after acquiring an additional 462,807 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Down 0.5%

GDDY stock opened at $131.40 on Tuesday. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. The company has a fifty day moving average price of $137.36 and a 200 day moving average price of $158.91. 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 12 month low of $125.00 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $1.32 earnings per share. GoDaddy’s quarterly revenue was up 10.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

GDDY has been the topic of several recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $150.00 target price on shares of GoDaddy in a report on Friday, October 31st. Morgan Stanley set a $159.00 target price on shares of GoDaddy in a research report on Friday, October 31st. Evercore ISI reduced their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday, October 31st. Finally, Barclays decreased their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” 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 issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.07.

Insider Transactions at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 6,950 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 20,421 shares of the company’s stock, valued at $2,904,070.41. This trade represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,203 shares of company stock worth $3,060,798 over the last three months. 0.70% of the stock is currently owned by company 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.