Amundi Sells 31,743 Shares of GoDaddy Inc. $GDDY

Key Points

• Amundi reduced its stake in GoDaddy Inc. by 3.4%, selling 31,743 shares, and currently owns 900,131 shares valued at approximately $159.9 million.
• GoDaddy's quarterly earnings report showed an EPS of $1.41, surpassing analysts' expectations, with a revenue of $1.22 billion, reflecting an 8.3% year-over-year increase.
• Institutional investors own about 90.28% of GoDaddy's stock, with several hedge funds either increasing or initiating stakes during the first quarter.

Amundi reduced its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 900,131 shares of the technology company's stock after selling 31,743 shares during the quarter. Amundi owned about 0.63% of GoDaddy worth $159,926,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in shares of GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after purchasing an additional 79 shares during the period. Park Square Financial Group LLC bought a new position in GoDaddy during the first quarter worth about $27,000. Private Trust Co. NA increased its position in GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after acquiring an additional 136 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of GoDaddy during the first quarter worth approximately $30,000. Finally, GW&K Investment Management LLC increased its holdings in shares of GoDaddy by 307.9% during the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock worth $46,000 after purchasing an additional 194 shares during the period. 90.28% of the stock is owned by institutional investors.

GoDaddy Price Performance

Shares of NYSE GDDY traded down $2.52 during midday trading on Wednesday, reaching $146.37. 381,911 shares of the company were exchanged, compared to its average volume of 1,582,317. The stock has a market cap of $20.26 billion, a P/E ratio of 26.14, a PEG ratio of 1.60 and a beta of 1.02. GoDaddy Inc. has a one year low of $132.51 and a one year high of $216.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock's 50-day moving average price is $156.75 and its 200-day moving average price is $171.04.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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.

Insider Buying and Selling

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $143.53, for a total value of $143,530.00. Following the sale, the chief operating officer owned 252,949 shares in the company, valued at approximately $36,305,769.97. The trade was a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $146.26, for a total value of $73,130.00. Following the completion of the sale, the director owned 20,957 shares in the company, valued at $3,065,170.82. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,828 shares of company stock valued at $4,524,888 over the last quarter. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Wall Street Zen cut GoDaddy from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Citigroup decreased their price target on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. 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. Finally, Raymond James Financial decreased their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $202.43.

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.