GoDaddy Inc. $GDDY Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in GoDaddy Inc. by 12.4%, acquiring an additional 4,806 shares in the first quarter, bringing its total shares to 43,417, valued at approximately $7.8 million.
• GoDaddy reported earnings of $1.41 EPS for the most recent quarter, exceeding analysts' expectations and showing an 8.3% year-over-year revenue increase to $1.22 billion.
• Currently, around 90.28% of GoDaddy's stock is owned by institutional investors, with several major firms, including Vanguard Group and Invesco, increasing their stakes in the company during the last quarter.

Banco Bilbao Vizcaya Argentaria S.A. grew its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 12.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,417 shares of the technology company's stock after purchasing an additional 4,806 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in GoDaddy were worth $7,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighPoint Advisor Group LLC raised its holdings in shares of GoDaddy by 15.9% in the 1st quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company's stock valued at $402,000 after purchasing an additional 293 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of GoDaddy in the 1st quarter valued at $291,000. DAVENPORT & Co LLC raised its holdings in shares of GoDaddy by 7.7% in the 1st quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company's stock valued at $354,000 after purchasing an additional 141 shares in the last quarter. Optimist Retirement Group LLC raised its holdings in shares of GoDaddy by 5.8% in the 1st 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 699 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

Shares of GDDY stock traded down $1.4280 during mid-day trading on Monday, hitting $145.6420. The stock had a trading volume of 314,742 shares, compared to its average volume of 1,583,370. GoDaddy Inc. has a fifty-two week low of $132.51 and a fifty-two week high of $216.00. The firm has a market cap of $20.16 billion, a PE ratio of 25.99, a PEG ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The company's 50-day simple moving average is $164.23 and its 200-day simple moving average is $174.77.

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

Analysts Set New Price Targets

A number of research firms recently commented on GDDY. Wells Fargo & Company dropped their target price on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Citigroup dropped their target price on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. JPMorgan Chase & Co. increased their target price on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Barclays dropped their target price on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One investment 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $202.43.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $143.53, for a total value of $143,530.00. Following the completion of the sale, the chief operating officer owned 252,949 shares in the company, valued at $36,305,769.97. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total transaction of $91,741.00. Following the transaction, the director owned 12,064 shares of the company's stock, valued at approximately $1,702,712.96. The trade was a 5.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,881 shares of company stock valued at $5,869,390. 0.70% of the stock is owned by company insiders.

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.