Geode Capital Management LLC Purchases 81,623 Shares of GoDaddy Inc. $GDDY

Geode Capital Management LLC grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,779,220 shares of the technology company’s stock after purchasing an additional 81,623 shares during the period. Geode Capital Management LLC’s holdings in GoDaddy were worth $677,726,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in shares of GoDaddy during the second quarter worth about $26,000. NewSquare Capital LLC increased its holdings in shares of GoDaddy by 170.9% in the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of GoDaddy during the 1st quarter valued at $30,000. Banque Transatlantique SA bought a new stake in shares of GoDaddy during the 1st quarter worth $36,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of GoDaddy by 307.9% during the 1st quarter. GW&K Investment Management LLC now owns 257 shares of the technology company’s stock worth $46,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

NYSE:GDDY opened at $129.68 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. GoDaddy Inc. has a fifty-two week low of $125.00 and a fifty-two week high of $216.00. The firm has a market cap of $17.52 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. The business has a 50 day moving average price of $136.30 and a 200-day moving average price of $157.79.

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

Insider Activity

In other news, Director Brian Sharples sold 500 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $133.11, for a total transaction of $66,555.00. Following the completion of the sale, the director directly owned 19,957 shares in the company, valued at approximately $2,656,476.27. This represents a 2.44% 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, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $145.71, for a total value of $145,710.00. Following the transaction, the chief operating officer owned 251,949 shares in the company, valued at approximately $36,711,488.79. This represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 19,553 shares of company stock valued at $2,825,527. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GDDY. Weiss Ratings restated a “hold (c)” rating on shares of GoDaddy in a research report on Friday, October 31st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. Benchmark decreased their price target on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Citigroup cut their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.07.

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.