Sumitomo Mitsui Trust Group Inc. Acquires 16,556 Shares of GoDaddy Inc. $GDDY

Sumitomo Mitsui Trust Group Inc. boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,190 shares of the technology company’s stock after buying an additional 16,556 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of GoDaddy worth $67,917,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 462,807 shares during the last quarter. WCM Investment Management LLC raised its holdings in GoDaddy by 5.7% during the 2nd quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock worth $660,979,000 after purchasing an additional 199,459 shares during the last quarter. Invesco Ltd. raised its holdings in GoDaddy by 13.8% during the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock worth $597,317,000 after purchasing an additional 401,918 shares during the last quarter. Wellington Management Group LLP raised its holdings in GoDaddy by 13.4% during the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock worth $567,017,000 after purchasing an additional 371,188 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 710,842 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

GDDY opened at $130.92 on Monday. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.41 and a beta of 0.98. The firm’s fifty day moving average price is $140.63 and its two-hundred day moving average price is $162.17. GoDaddy Inc. has a 1 year low of $127.65 and a 1 year high of $216.00.

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

Wall Street Analysts Forecast Growth

GDDY has been the subject of several analyst reports. Royal Bank Of Canada lowered 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Barclays lowered 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. Raymond James Financial lowered their price objective on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Friday, August 8th. Finally, Wells Fargo & Company lowered their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.00.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $145,710.00. Following the completion of the transaction, the chief operating officer directly owned 251,949 shares in the company, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,203 shares of company stock worth $4,031,238. Company insiders own 0.70% of the company’s stock.

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.