AQR Capital Management LLC Has $171.31 Million Position in GoDaddy Inc. $GDDY

Key Points

• AQR Capital Management LLC reduced its stake in GoDaddy Inc. by 2.7%, holding approximately $171.31 million worth of shares after selling 26,957 shares in the first quarter.
• GoDaddy reported earnings of $1.41 EPS for the last quarter, surpassing analysts' expectations, with a year-over-year revenue increase of 8.3%.
• Analyst ratings have varied for GoDaddy, with one Strong Buy rating, eight Buy ratings, and five Hold ratings, reflecting diverse market sentiments.

AQR Capital Management LLC lowered its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 961,985 shares of the technology company's stock after selling 26,957 shares during the quarter. AQR Capital Management LLC owned approximately 0.68% of GoDaddy worth $171,310,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GDDY. Cornerstone Planning Group LLC increased its position in shares of GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of GoDaddy during the 1st quarter worth about $27,000. Private Trust Co. NA increased its position in shares of GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of GoDaddy during the 1st quarter worth about $30,000. Finally, GW&K Investment Management LLC increased its position in shares of GoDaddy by 307.9% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of recent analyst reports. Raymond James Financial dropped 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 report on Friday, August 8th. Royal Bank Of Canada cut 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. Citigroup cut their price target on GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. Piper Sandler set a $182.00 price target on GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Wall Street Zen cut GoDaddy from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $202.43.

Insider Buying and Selling

In other news, CFO Mark Mccaffrey sold 3,326 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the transaction, the chief financial officer directly owned 70,133 shares in the company, valued at approximately $9,973,613.93. The trade was a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the transaction, the chief accounting officer owned 20,421 shares of the company's stock, valued at $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,828 shares of company stock worth $4,524,888. 0.70% of the stock is currently owned by company insiders.

GoDaddy Trading Down 0.2%

Shares of NYSE GDDY traded down $0.32 during mid-day trading on Tuesday, hitting $147.75. The company's stock had a trading volume of 613,134 shares, compared to its average volume of 1,584,310. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. GoDaddy Inc. has a one year low of $132.51 and a one year high of $216.00. The company's fifty day simple moving average is $157.34 and its 200-day simple moving average is $171.20.

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, beating the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm 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.

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.