ASR Vermogensbeheer N.V. Purchases 6,473 Shares of GoDaddy Inc. $GDDY

Key Points

• ASR Vermogensbeheer N.V. increased its stake in GoDaddy Inc. by 60.6% during the 2nd quarter, purchasing an additional 6,473 shares, bringing its total holdings to 17,163 shares worth $3,090,000.
• GoDaddy reported a quarterly EPS of $1.41, exceeding estimates by $0.07, with revenues of $1.22 billion, reflecting an 8.3% growth year-over-year.
• Analysts have adjusted price targets for GoDaddy, with Citigroup, Barclays, and Royal Bank of Canada setting new targets at $214.00, $200.00, and $200.00 respectively, while the consensus rating is a "Moderate Buy".

ASR Vermogensbeheer N.V. lifted its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 60.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,163 shares of the technology company's stock after purchasing an additional 6,473 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in GoDaddy were worth $3,090,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GDDY. Cornerstone Planning Group LLC grew its stake in 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 buying an additional 79 shares during the last quarter. Park Square Financial Group LLC bought a new stake in GoDaddy during the 1st quarter worth approximately $27,000. Private Trust Co. NA grew its holdings in shares of 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 purchasing an additional 136 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of GoDaddy during the first quarter worth $30,000. Finally, Banque Transatlantique SA bought a new stake in shares of GoDaddy during the first quarter worth $36,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Price Performance

Shares of GDDY stock opened at $134.92 on Friday. GoDaddy Inc. has a 52-week low of $131.29 and a 52-week high of $216.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $18.68 billion, a PE ratio of 24.09, a PEG ratio of 1.45 and a beta of 0.98. The firm's 50 day moving average price is $146.38 and its two-hundred day moving average price is $166.93.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Buying and Selling at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, September 15th. The shares were sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer directly owned 251,949 shares of the company's stock, valued at $36,711,488.79. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy 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 in the company, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,203 shares of company stock worth $4,200,828 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on GDDY shares. Citigroup decreased their price objective on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Barclays decreased their price target on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada decreased their price target on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of GoDaddy in a research report on Saturday, September 27th. Finally, UBS Group decreased their price objective on GoDaddy from $215.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.79.

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.

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