GoDaddy Inc. $GDDY Stock Position Reduced by Crescent Park Management L.P.

Key Points

• Crescent Park Management L.P. reduced its position in GoDaddy by 18.7% in Q1, selling 12,909 shares, which now represent 4.7% of its total holdings.
• JPMorgan Chase & Co. significantly increased its stake in GoDaddy by 41.1% during the first quarter, acquiring an additional 710,842 shares.
• GoDaddy has reported a net margin of 17.01% and an EPS of $1.41 for the most recent quarter, surpassing analysts' expectations.

Crescent Park Management L.P. lowered its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 18.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,966 shares of the technology company's stock after selling 12,909 shares during the quarter. GoDaddy makes up about 4.7% of Crescent Park Management L.P.'s holdings, making the stock its 9th largest holding. Crescent Park Management L.P.'s holdings in GoDaddy were worth $10,082,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas boosted its stake in GoDaddy by 2.9% during the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after purchasing an additional 59 shares during the last quarter. City Holding Co. grew its stake in GoDaddy by 30.0% during the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock valued at $47,000 after acquiring an additional 60 shares in the last quarter. Equitable Trust Co. lifted its stake in GoDaddy by 1.0% in the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock worth $1,199,000 after purchasing an additional 64 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of GoDaddy by 0.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock worth $1,435,000 after purchasing an additional 67 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of GoDaddy by 4.1% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,793 shares of the technology company's stock valued at $344,000 after purchasing an additional 71 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of the stock in a transaction dated 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 of the company's stock, valued at $13,321,044.04. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Phontip Palitwanon sold 2,173 shares of GoDaddy stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $177.87, for a total value of $386,511.51. Following the completion of the transaction, the chief accounting officer owned 21,198 shares of the company's stock, valued at $3,770,488.26. The trade was a 9.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,881 shares of company stock worth $5,869,390. 0.70% of the stock is currently owned by insiders.

GoDaddy Trading Up 1.1%

NYSE GDDY traded up $1.66 during trading on Wednesday, hitting $147.91. The stock had a trading volume of 1,346,088 shares, compared to its average volume of 1,589,649. 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 company has a market capitalization of $20.48 billion, a PE ratio of 26.41, a PEG ratio of 1.58 and a beta of 1.08. The firm has a 50 day moving average price of $162.95 and a 200 day moving average price of $174.12. GoDaddy Inc. has a twelve month low of $132.51 and a twelve month high of $216.00.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GDDY shares. Barclays reduced their price objective on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada reduced 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. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently 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.