Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 14,500 Shares of GoDaddy Inc. $GDDY

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in GoDaddy Inc. by 21.4%, owning 82,144 shares valued at approximately $14.8 million after acquiring 14,500 additional shares in Q1.
• Key analysts have recently adjusted their price targets for GoDaddy, with Royal Bank of Canada lowering its target from $225 to $200, while JPMorgan raised its target from $231 to $240.
• GoDaddy Inc. reported Q2 earnings of $1.41 EPS, surpassing analyst expectations, with revenue up 8.3% year-over-year and totaling $1.22 billion.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 21.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,144 shares of the technology company's stock after buying an additional 14,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.06% of GoDaddy worth $14,797,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cornerstone Planning Group LLC boosted its stake in GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after buying an additional 79 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in GoDaddy in the first quarter valued at about $27,000. Private Trust Co. NA boosted its stake in GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after buying an additional 136 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in GoDaddy in the first quarter valued at about $30,000. Finally, GW&K Investment Management LLC boosted its stake in GoDaddy by 307.9% in the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock valued at $46,000 after buying an additional 194 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GDDY has been the topic of a number of recent research reports. Piper Sandler set a $182.00 price target on GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. Wells Fargo & Company cut their price target on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their price target on GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Benchmark reissued a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Finally, Raymond James Financial cut their price target on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 8th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

GoDaddy Trading Up 1.2%

Shares of GoDaddy stock traded up $1.7970 during midday trading on Wednesday, reaching $146.4170. The company had a trading volume of 1,737,113 shares, compared to its average volume of 2,402,949. The stock has a fifty day moving average price of $165.43 and a 200 day moving average price of $176.16. 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 firm has a market cap of $20.27 billion, a PE ratio of 26.15, a P/E/G ratio of 1.56 and a beta of 1.08. GoDaddy Inc. has a fifty-two week low of $132.51 and a fifty-two week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted 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. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Phontip Palitwanon sold 2,173 shares of GoDaddy stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total value of $386,511.51. Following the transaction, the chief accounting officer directly owned 21,198 shares of the company's stock, valued at $3,770,488.26. The trade was a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Mccaffrey sold 3,317 shares of GoDaddy 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 completion of the transaction, the chief financial officer directly owned 74,084 shares in the company, valued at approximately $13,321,044.04. This represents a 4.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,881 shares of company stock valued at $5,869,390 in the last ninety days. Insiders own 0.70% of the company's stock.

About GoDaddy

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.