Lecap Asset Management Ltd. Has $277,000 Stake in GoDaddy Inc. $GDDY

Lecap Asset Management Ltd. decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 85.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,536 shares of the technology company’s stock after selling 8,733 shares during the quarter. Lecap Asset Management Ltd.’s holdings in GoDaddy were worth $277,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after acquiring an additional 79 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of GoDaddy during the 1st quarter valued at $27,000. Private Trust Co. NA boosted its holdings in shares of GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of GoDaddy during the 1st quarter valued at $30,000. Finally, Banque Transatlantique SA acquired a new stake in shares of GoDaddy during the 1st quarter valued at $36,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was 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 directly owned 251,949 shares of the company’s stock, valued at $36,711,488.79. The trade was a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the business’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 $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,203 shares of company stock worth $4,200,828. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GDDY shares. Raymond James Financial lowered their target price on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Friday, August 8th. Piper Sandler set a $182.00 target price on GoDaddy and gave the stock an “overweight” rating in a research report on Friday, August 8th. Citigroup lowered their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Wells Fargo & Company lowered their target price on GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GoDaddy in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $197.79.

GoDaddy Stock Performance

GDDY stock opened at $134.92 on Friday. The stock has a 50-day moving average price of $146.38 and a 200-day moving average price of $166.93. GoDaddy Inc. has a 1-year low of $131.29 and a 1-year high of $216.00. 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 firm has a market cap of $18.68 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $1.01 EPS. The business’s quarterly 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 research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.