Livforsakringsbolaget Skandia Omsesidigt Raises Stake in GoDaddy Inc. $GDDY

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in GoDaddy by 20.9%, owning 69,300 shares worth approximately $12.47 million.
• Analysts have lowered target prices for GoDaddy, with Barclays revising it down from $235.00 to $200.00, although the stock currently holds a consensus rating of "Moderate Buy."
• GoDaddy reported an earnings per share of $1.41 for the last quarter, surpassing analysts' expectations, and showed an 8.3% growth in revenue year-over-year.

Livforsakringsbolaget Skandia Omsesidigt raised its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 20.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 69,300 shares of the technology company's stock after purchasing an additional 12,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in GoDaddy were worth $12,471,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighPoint Advisor Group LLC lifted its position 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 worth $402,000 after purchasing an additional 293 shares during the period. Sowell Financial Services LLC acquired a new position in shares of GoDaddy during the 1st quarter valued at $291,000. DAVENPORT & Co LLC lifted its position in shares of GoDaddy by 7.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company's stock valued at $354,000 after acquiring an additional 141 shares during the period. Optimist Retirement Group LLC lifted its position in shares of GoDaddy by 5.8% during the 1st quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company's stock valued at $274,000 after acquiring an additional 84 shares during the period. Finally, Voya Investment Management LLC lifted its position in shares of GoDaddy by 102.8% during the 1st quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company's stock valued at $145,033,000 after acquiring an additional 408,178 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Down 3.1%

Shares of NYSE GDDY traded down $4.63 during trading on Tuesday, hitting $143.20. The stock had a trading volume of 397,473 shares, compared to its average volume of 1,584,056. GoDaddy Inc. has a 12 month low of $132.51 and a 12 month high of $216.00. 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 has a market capitalization of $19.83 billion, a PE ratio of 25.57, a PEG ratio of 1.56 and a beta of 1.02. The firm has a fifty day moving average of $151.61 and a two-hundred day moving average of $169.10.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its 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. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The business's 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, equities research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" 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. Raymond James Financial dropped their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 8th. 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, Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a research note 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $202.43.

Insider Buying and Selling

In related news, COO Roger Chen sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $169.59, for a total value of $169,590.00. Following the transaction, the chief operating officer directly owned 253,949 shares of the company's stock, valued at approximately $43,067,210.91. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the transaction, the chief accounting officer directly owned 20,421 shares in the company, valued at $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,828 shares of company stock worth $5,394,638 in the last ninety days. Corporate 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.