GoDaddy Inc. $GDDY Shares Acquired by Soros Capital Management LLC

Key Points

• Soros Capital Management LLC significantly increased its stake in GoDaddy by 312.1%, now owning 65,087 shares valued at approximately $11.7 million, making it the 15th largest position in their portfolio.
• GoDaddy reported $1.41 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.34, with revenues up 8.3% year-over-year.
• Several analysts have recently adjusted their price targets for GoDaddy, with estimates ranging from $175.00 to $240.00, reflecting a consensus rating of "Moderate Buy."

Soros Capital Management LLC lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 312.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,087 shares of the technology company's stock after acquiring an additional 49,292 shares during the period. GoDaddy accounts for approximately 3.0% of Soros Capital Management LLC's holdings, making the stock its 15th biggest position. Soros Capital Management LLC's holdings in GoDaddy were worth $11,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after acquiring an additional 79 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of GoDaddy during the first quarter valued at $27,000. Private Trust Co. NA boosted its position in shares of GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock valued at $29,000 after purchasing an additional 136 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the 1st quarter valued at $30,000. Finally, GW&K Investment Management LLC increased its stake in GoDaddy by 307.9% in the 1st quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock worth $46,000 after purchasing an additional 194 shares in the last quarter. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Performance

Shares of GDDY opened at $146.9890 on Monday. The company's 50 day moving average price is $164.23 and its 200 day moving average price is $174.77. GoDaddy Inc. has a 52 week low of $132.51 and a 52 week high of $216.00. The company has a market capitalization of $20.35 billion, a PE ratio of 26.25, a PEG ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The company'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. Research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on GDDY shares. 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 research note on Tuesday, May 6th. Benchmark restated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Raymond James Financial reduced their price target on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada lowered their price objective 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. Finally, Piper Sandler set a $182.00 target price on GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. One equities 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

Insider Activity

In related news, Director Leah Sweet sold 650 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,702,712.96. The trade was a 5.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $143.53, for a total value of $143,530.00. Following the completion of the transaction, the chief operating officer owned 252,949 shares in the company, valued at $36,305,769.97. This represents a 0.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,881 shares of company stock valued at $5,869,390. 0.70% of the stock is currently owned by company insiders.

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.

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