GoDaddy Inc. $GDDY Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of GoDaddy Inc. (NYSE:GDDY) by 11.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 844,108 shares of the technology company’s stock after selling 109,596 shares during the period. Bank of New York Mellon Corp owned approximately 0.59% of GoDaddy worth $151,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GDDY. Cornerstone Planning Group LLC increased its stake in GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after buying an additional 79 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of GoDaddy during the second quarter valued at about $26,000. Park Square Financial Group LLC acquired a new stake in shares of GoDaddy during the first quarter valued at about $27,000. Private Trust Co. NA increased its position in shares of GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the first quarter worth about $30,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at GoDaddy

In other GoDaddy news, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total value of $91,741.00. Following the completion of the transaction, the director directly owned 12,064 shares in the company, valued at $1,702,712.96. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $110,497.17. Following the transaction, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,203 shares of company stock valued at $3,060,798 over the last ninety days. Insiders own 0.70% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY opened at $132.96 on Friday. The stock has a market capitalization of $18.41 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. The business’s fifty day moving average price is $138.03 and its 200 day moving average price is $159.70. 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 issued its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, topping 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 analysts’ expectations of $1.23 billion. During the same period in the prior year, the company earned $1.32 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GDDY. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. UBS Group reduced their target price on GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Evercore ISI decreased 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. Citigroup cut their price target on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Barclays reduced their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.07.

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.