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

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,532 shares of the technology company’s stock after buying an additional 6,274 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in GoDaddy were worth $38,796,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GDDY. Hemington Wealth Management boosted its position in GoDaddy by 85.9% during the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after acquiring an additional 85 shares during the last quarter. NewSquare Capital LLC lifted its stake in 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 purchasing an additional 94 shares in the last quarter. Root Financial Partners LLC purchased a new position in GoDaddy in the 3rd quarter worth approximately $31,000. Rossby Financial LCC boosted its holdings in shares of GoDaddy by 125.4% during the 3rd quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock worth $38,000 after purchasing an additional 158 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of GoDaddy by 141.5% in the third quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock valued at $49,000 after purchasing an additional 208 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Benchmark kept a Buy rating and set a $210 price target, signaling at least one major analyst still sees material upside vs. current levels. Benchmark Cuts GoDaddy Price Target
• Neutral Sentiment: Citigroup lowered its target from $195 to $110 but maintained a Buy — a notable downgrade in expectations but not in conviction. Citigroup price target note
• Neutral Sentiment: Barclays trimmed its price target to $118 while keeping an Overweight rating, another mixed signal (lower PT but still constructive). Barclays price target cut
• Negative Sentiment: Multiple sell‑side targets were cut sharply (Wells Fargo $77, UBS $105, Cantor Fitzgerald $90, RBC $100), adding downward pressure on sentiment and indicating lowered earnings/valuation expectations. Wells Fargo PT to $77 UBS PT to $105 Cantor PT $90 RBC PT $100
• Negative Sentiment: Several law firms have launched securities‑fraud investigations into GoDaddy related to the Feb. 24 results, creating legal overhang and potential disclosure/legal costs that increase near‑term risk. Glancy Prongay Wolke & Rotter investigation Frank R. Cruz investigation
• Negative Sentiment: Media coverage flagged that the stock hit a two‑year low and “gapped down” after analyst downgrades and earnings‑related concerns, underscoring weak investor sentiment following the quarter. InsiderMonkey: two‑year low Shares gap down article

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GDDY. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research report on Wednesday, January 28th. Barclays reduced their price target on GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup dropped their price objective on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a report on Thursday. Evercore set a $95.00 price objective on shares of GoDaddy in a research report on Wednesday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 target price on shares of GoDaddy in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus target price of $131.93.

GoDaddy Price Performance

Shares of GDDY opened at $86.97 on Friday. The firm has a 50-day simple moving average of $104.84 and a two-hundred day simple moving average of $124.79. The stock has a market cap of $11.75 billion, a PE ratio of 13.96, a P/E/G ratio of 0.80 and a beta of 0.94. GoDaddy Inc. has a 1-year low of $73.06 and a 1-year high of $193.55. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.57.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.22. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the company posted $1.36 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Activity

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 6,932 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $886,880.08. Following the sale, the chief executive officer directly owned 399,133 shares in the company, valued at $51,065,076.02. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 2,397 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the completion of the transaction, the chief accounting officer directly owned 17,055 shares of the company’s stock, valued at approximately $2,190,544.20. The trade was a 12.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 13,615 shares of company stock valued at $1,743,102. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.