American Century Companies Inc. Has $8.41 Million Stock Holdings in GoDaddy Inc. $GDDY

Key Points

• American Century Companies Inc. increased its stake in GoDaddy Inc. by 9.8%, owning 46,659 shares worth approximately $8.4 million as of the latest SEC filing.
• Several large investors, including Cornerstone Planning Group LLC and Private Trust Co. NA, have also significantly increased their holdings in GoDaddy during the first quarter.
• Despite some analysts adjusting price targets downward, GoDaddy's stock maintains a consensus rating of "Moderate Buy", with a target price of $202.43 according to MarketBeat.com.

American Century Companies Inc. boosted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,659 shares of the technology company's stock after buying an additional 4,147 shares during the quarter. American Century Companies Inc.'s holdings in GoDaddy were worth $8,405,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. HighPoint Advisor Group LLC increased its stake in shares of GoDaddy by 15.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company's stock worth $402,000 after purchasing an additional 293 shares during the last quarter. Sowell Financial Services LLC acquired a new position in GoDaddy during the 1st quarter worth $291,000. DAVENPORT & Co LLC boosted its holdings in GoDaddy by 7.7% during the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company's stock valued at $354,000 after acquiring an additional 141 shares during the period. Optimist Retirement Group LLC grew its position in shares of GoDaddy by 5.8% in the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company's stock valued at $274,000 after purchasing an additional 84 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in GoDaddy by 13.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company's stock valued at $1,060,000 after buying an additional 699 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several recent research reports. Barclays cut their price target on GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the stock an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada decreased their price objective on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Citigroup cut their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Raymond James Financial reduced their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.43.

GoDaddy Stock Up 0.3%

Shares of NYSE GDDY traded up $0.38 during midday trading on Friday, reaching $148.24. The company's stock had a trading volume of 1,286,424 shares, compared to its average volume of 2,409,656. The stock has a 50 day simple moving average of $161.29 and a 200-day simple moving average of $173.11. GoDaddy Inc. has a fifty-two week low of $132.51 and a fifty-two week high of $216.00. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.60 and a beta of 1.08.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.34 by $0.07. The firm 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 business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 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 GoDaddy news, CEO Amanpal Singh Bhutani sold 6,932 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total value of $1,246,442.92. Following the completion of the sale, the chief executive officer owned 431,015 shares in the company, valued at $77,500,807.15. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Phontip Palitwanon sold 2,173 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $177.87, for a total transaction of $386,511.51. Following the completion of the sale, the chief accounting officer owned 21,198 shares of the company's stock, valued at $3,770,488.26. This trade represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,881 shares of company stock valued at $5,869,390 in the last ninety days. Corporate insiders own 0.70% of the company's stock.

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.