GoDaddy Inc. $GDDY Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. significantly reduced its holdings in GoDaddy Inc. by 93.6%, selling 440,160 shares during the first quarter, leaving the firm with only 29,973 shares valued at approximately $5.4 million.
• Several institutional investors, including Cornerstone Planning Group and Private Trust Co. NA, have increased their stakes in GoDaddy, contributing to a total institutional ownership of 90.28% of the company's stock.
• GoDaddy recently reported earnings of $1.41 per share, exceeding expectations, with quarterly revenue of $1.22 billion—a year-over-year increase of 8.3%.

Epoch Investment Partners Inc. trimmed its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 93.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,973 shares of the technology company's stock after selling 440,160 shares during the quarter. Epoch Investment Partners Inc.'s holdings in GoDaddy were worth $5,399,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Soros Capital Management LLC increased its holdings in GoDaddy by 312.1% in the 1st quarter. Soros Capital Management LLC now owns 65,087 shares of the technology company's stock valued at $11,725,000 after purchasing an additional 49,292 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of GoDaddy by 304.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,189 shares of the technology company's stock valued at $394,000 after buying an additional 1,648 shares during the period. Mirova grew its stake in shares of GoDaddy by 5.1% during the first quarter. Mirova now owns 25,272 shares of the technology company's stock worth $4,552,000 after purchasing an additional 1,234 shares in the last quarter. Oak Harvest Investment Services increased its position in GoDaddy by 3.0% during the first quarter. Oak Harvest Investment Services now owns 14,227 shares of the technology company's stock worth $2,563,000 after buying an additional 420 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in GoDaddy during the first quarter worth approximately $1,325,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $169.59, for a total value of $169,590.00. Following the completion of the transaction, the chief operating officer directly owned 253,949 shares in the company, valued at $43,067,210.91. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Mccaffrey sold 3,317 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $179.81, for a total value of $596,429.77. Following the sale, the chief financial officer owned 74,084 shares in the company, valued at $13,321,044.04. The trade was a 4.29% 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. Insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

GDDY has been the topic of a number of research reports. Citigroup lowered their price target on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada lowered their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Wells Fargo & Company dropped their target price on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Raymond James Financial lowered their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. Finally, Barclays reduced 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and an average price target of $202.43.

GoDaddy Stock Performance

NYSE:GDDY traded up $0.38 during trading hours on Friday, reaching $148.24. 1,286,424 shares of the stock were exchanged, compared to its average volume of 2,409,656. 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 50 day simple moving average of $161.29 and a 200-day simple moving average of $172.87. GoDaddy Inc. has a 52 week low of $132.51 and a 52 week high of $216.00. The stock has a market capitalization of $20.52 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.60 and a beta of 1.08.

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 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 company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.01 EPS. GoDaddy'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, sell-side analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

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.