GoDaddy Inc. $GDDY Position Increased by Aberdeen Group plc

Key Points

• Aberdeen Group plc boosted its stake in GoDaddy Inc. by 75%, acquiring an additional 42,281 shares, bringing its total ownership to approximately $17.6 million.
• GoDaddy reported a Q2 EPS of $1.41, exceeding analysts' expectations, which indicates an increase from $1.01 EPS in the same quarter last year.
• Institutional investors own 90.28% of GoDaddy, reflecting strong interest from major financial players in the technology company.

Aberdeen Group plc increased its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 75.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,659 shares of the technology company's stock after buying an additional 42,281 shares during the quarter. Aberdeen Group plc owned about 0.07% of GoDaddy worth $17,576,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of GDDY. Jump Financial LLC acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $238,000. United Capital Financial Advisors LLC acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $245,000. NewEdge Advisors LLC grew its stake in shares of GoDaddy by 5.6% in the fourth quarter. NewEdge Advisors LLC now owns 4,179 shares of the technology company's stock valued at $825,000 after buying an additional 223 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $1,145,000. Finally, GeoWealth Management LLC acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $343,000. Institutional investors and hedge funds own 90.28% of the company's stock.

Wall Street Analysts Forecast Growth

GDDY has been the subject of a number of recent analyst reports. Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada lowered their price objective on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Citigroup lowered their price objective on GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company lowered their price objective 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. Finally, Benchmark restated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $202.43.

Insider Transactions at GoDaddy

In other 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 owned 253,949 shares in the company, valued at approximately $43,067,210.91. This trade represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 2,173 shares of the firm's 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 completion of the sale, the chief accounting officer directly owned 21,198 shares in the company, valued at approximately $3,770,488.26. This trade represents a 9.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,881 shares of company stock worth $5,869,390 in the last quarter. Insiders own 0.70% of the company's stock.

GoDaddy Stock Performance

Shares of GDDY traded up $0.9590 during mid-day trading on Friday, hitting $146.9890. The stock had a trading volume of 1,592,949 shares, compared to its average volume of 2,393,987. The company has a market cap of $20.35 billion, a PE ratio of 26.25, a PEG ratio of 1.58 and a beta of 1.08. The company's fifty day simple moving average is $164.23 and its two-hundred day simple moving average is $175.26. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. 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 issued its earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion during 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 business's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current 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.