Lazard Asset Management LLC Reduces Position in GoDaddy Inc. $GDDY

Lazard Asset Management LLC decreased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 20.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,041 shares of the technology company’s stock after selling 7,040 shares during the period. Lazard Asset Management LLC’s holdings in GoDaddy were worth $2,318,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GDDY. WCM Investment Management LLC raised its position in GoDaddy by 1.0% in the 1st quarter. WCM Investment Management LLC now owns 3,314,456 shares of the technology company’s stock valued at $270,924,000 after purchasing an additional 33,509 shares during the last quarter. JPMorgan Chase & Co. grew its position in GoDaddy by 11.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,216,382 shares of the technology company’s stock worth $399,089,000 after purchasing an additional 319,515 shares during the last quarter. AQR Capital Management LLC increased its stake in GoDaddy by 117.5% in the fourth quarter. AQR Capital Management LLC now owns 2,989,931 shares of the technology company’s stock valued at $370,991,000 after purchasing an additional 1,615,005 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of GoDaddy by 2.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,821,379 shares of the technology company’s stock valued at $350,077,000 after buying an additional 56,086 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of GoDaddy by 9.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,733,028 shares of the technology company’s stock valued at $339,116,000 after buying an additional 235,981 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Trading Up 0.1%

Shares of GoDaddy stock opened at $82.79 on Monday. GoDaddy Inc. has a 52-week low of $71.59 and a 52-week high of $165.11. The company has a quick ratio of 0.67, a current ratio of 0.63 and a debt-to-equity ratio of 561.10. The company’s 50-day simple moving average is $86.64 and its 200-day simple moving average is $88.62. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.74 and a beta of 0.90.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. GoDaddy had a net margin of 17.83% and a return on equity of 660.96%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that GoDaddy Inc. will post 7.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Phontip Palitwanon sold 542 shares of GoDaddy stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total value of $48,704.12. Following the sale, the chief accounting officer directly owned 19,995 shares in the company, valued at $1,796,750.70. The trade was a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sigal Zarmi sold 350 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $87.84, for a total value of $30,744.00. Following the transaction, the director directly owned 5,708 shares in the company, valued at $501,390.72. This represents a 5.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 16,751 shares of company stock valued at $1,480,228. Corporate insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GDDY. Deutsche Bank Aktiengesellschaft lowered GoDaddy to a “buy” rating in a report on Friday. Wells Fargo & Company reduced their price objective on GoDaddy from $83.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GoDaddy in a research report on Tuesday, June 16th. Wedbush reiterated an “outperform” rating on shares of GoDaddy in a research note on Tuesday, July 28th. Finally, Benchmark dropped their target price on GoDaddy from $185.00 to $140.00 and set a “buy” rating on the stock in a report on Friday. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.93.

Trending Headlines about GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported second-quarter adjusted earnings of $1.83 per share, above the roughly $1.69–$1.72 consensus range, while revenue rose 6.6% year over year to approximately $1.30 billion, slightly exceeding estimates. GoDaddy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was supported by rising average revenue per user, strength across both business segments and accelerating adoption of Airo, GoDaddy’s AI-powered product suite. Airo’s annualized recurring revenue reportedly increased fivefold to $50 million, helping drive record margins and free cash flow. GoDaddy Q2 Earnings Call Highlights
• Positive Sentiment: Management forecast third-quarter revenue of $1.315 billion to $1.335 billion and reaffirmed its approximately $1.8 billion full-year free-cash-flow target. Full-year revenue guidance remains $5.2 billion to $5.3 billion. GoDaddy Forecasts Q3 Revenue and Reaffirms Free Cash Flow
• Neutral Sentiment: Analyst views remain mixed. Cantor Fitzgerald reaffirmed a Neutral rating with a $90 target, while Benchmark maintained Buy despite reducing its target to $140. Raymond James cut GoDaddy from Strong Buy to Outperform and set a $100 target, citing limited visibility. Raymond James Analyst Action
• Negative Sentiment: Investors viewed the quarterly outlook as underwhelming relative to expectations, with several reports describing the guidance as weak despite the earnings beat. Concerns also persist that AI could pressure GoDaddy’s traditional website and domain businesses and weigh on future margins. GoDaddy Goes Down After Q2 Results and Outlook
• Negative Sentiment: Bearish trading activity intensified, with put-option volume reaching 11,680 contracts—nearly five times the typical daily level. Separate law-firm investigations into potential securities-law violations added another source of investor uncertainty.

GoDaddy Company 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.