MBB Public Markets I LLC Invests $315,000 in GoDaddy Inc. $GDDY

Key Points

• MBB Public Markets I LLC acquired 1,748 shares of GoDaddy Inc., valued at around $315,000, during the first quarter, indicating growing institutional interest in the company.
• GoDaddy reported $1.41 EPS for the last quarter, surpassing analysts' expectations of $1.34, with a revenue of $1.22 billion, reflecting an 8.3% year-over-year growth.
• Multiple research firms have downgraded their target prices for GoDaddy, with Barclays setting a new target at $200, citing overall market adjustments.

MBB Public Markets I LLC purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,748 shares of the technology company's stock, valued at approximately $315,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company's stock valued at $3,266,697,000 after purchasing an additional 462,807 shares during the last quarter. WCM Investment Management LLC raised its stake in GoDaddy by 2.0% in the 1st quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company's stock valued at $620,931,000 after purchasing an additional 67,152 shares during the last quarter. Invesco Ltd. raised its stake in GoDaddy by 13.8% in the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company's stock valued at $597,317,000 after purchasing an additional 401,918 shares during the last quarter. Wellington Management Group LLP raised its stake in GoDaddy by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company's stock valued at $567,017,000 after purchasing an additional 371,188 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock valued at $439,525,000 after purchasing an additional 710,842 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Buying and Selling

In other GoDaddy news, Director Leah Sweet sold 650 shares of the company's 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 transaction, the director directly owned 12,064 shares of the company's stock, valued at $1,702,712.96. This represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Roger Chen sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $175.96, for a total value of $175,960.00. Following the completion of the transaction, the chief operating officer directly owned 254,949 shares in the company, valued at approximately $44,860,826.04. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,828 shares of company stock worth $5,424,888 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

GoDaddy Trading Down 2.2%

Shares of NYSE:GDDY traded down $3.29 during trading on Friday, reaching $145.30. 974,323 shares of the stock were exchanged, compared to its average volume of 1,542,518. 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 12-month low of $132.51 and a 12-month high of $216.00. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.02. The firm's 50-day moving average price is $154.93 and its 200 day moving average price is $170.47.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its earnings results 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 business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GDDY. Raymond James Financial cut their target price 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. Wells Fargo & Company cut their target price on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Barclays cut their target price 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. Royal Bank Of Canada lowered their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price target on 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 five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $202.43.

About GoDaddy

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.