Dimensional Fund Advisors LP Increases Stake in GoDaddy Inc. $GDDY

Key Points

• Dimensional Fund Advisors LP increased its stake in GoDaddy Inc. by 2.4% in the first quarter, holding approximately 1,050,000 shares valued at $189.13 million.
• Institutional investors collectively own 90.28% of GoDaddy's stock, with significant increases in holdings from firms like HighPoint Advisor Group LLC and Wealth Enhancement Advisory Services LLC during the same period.
• GoDaddy’s stock price has hit a fifty-two week low of $132.51 and recently reported earnings of $1.41 per share, exceeding analysts' expectations of $1.34.

Dimensional Fund Advisors LP grew its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,050,000 shares of the technology company's stock after purchasing an additional 24,281 shares during the period. Dimensional Fund Advisors LP owned approximately 0.74% of GoDaddy worth $189,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GDDY. Goldman Sachs Group Inc. lifted its holdings in shares of GoDaddy by 257.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company's stock valued at $402,946,000 after purchasing an additional 1,610,890 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in GoDaddy by 1,412.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock worth $242,727,000 after acquiring an additional 1,258,324 shares during the last quarter. JPMorgan Chase & Co. raised its stake in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock worth $439,525,000 after acquiring an additional 710,842 shares during the last quarter. Pacer Advisors Inc. raised its stake in GoDaddy by 893.4% in the 1st quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company's stock worth $116,685,000 after acquiring an additional 582,539 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in GoDaddy by 18,248.7% in the 1st quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock worth $92,516,000 after acquiring an additional 510,780 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Price Performance

Shares of NYSE:GDDY traded up $0.9590 during trading on Friday, reaching $146.9890. 1,592,949 shares of the company's stock traded hands, compared to its average volume of 2,393,987. GoDaddy Inc. has a fifty-two week low of $132.51 and a fifty-two week 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 firm has a market cap of $20.35 billion, a PE ratio of 26.25, a P/E/G ratio of 1.58 and a beta of 1.08. The company has a 50-day simple moving average of $164.23 and a 200-day simple moving average of $175.26.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating 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 firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the firm earned $1.01 EPS. The company's quarterly 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. As a group, analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GDDY shares. Benchmark restated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Piper Sandler set a $182.00 price target on GoDaddy and gave the stock an "overweight" rating in a research report on Friday, August 8th. Citigroup cut 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. Royal Bank Of Canada cut their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.43.

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.