GoDaddy Inc. $GDDY Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its GoDaddy position by 287.4% in the second quarter, ending with 17,130 shares valued at approximately $1.45 million. Institutional investors and hedge funds collectively own 90.28% of the company.
• GoDaddy’s latest quarter exceeded expectations, with adjusted earnings of $1.83 per share versus a $1.69 estimate and revenue of $1.30 billion, up 6.6% year over year.
• The stock faces legal uncertainty from securities class-action allegations related to promotional domain pricing, while analysts remain mixed; GoDaddy carries a consensus “Hold” rating and a $110.07 price target.

NewEdge Advisors LLC grew its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 287.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,130 shares of the technology company's stock after purchasing an additional 12,708 shares during the quarter. NewEdge Advisors LLC's holdings in GoDaddy were worth $1,454,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. WCM Investment Management LLC boosted its position in shares of GoDaddy by 1.0% in the 1st quarter. WCM Investment Management LLC now owns 3,314,456 shares of the technology company's stock worth $270,924,000 after purchasing an additional 33,509 shares in the last quarter. JPMorgan Chase & Co. raised its stake in GoDaddy by 11.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,216,382 shares of the technology company's stock valued at $399,089,000 after buying an additional 319,515 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in GoDaddy by 2.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,821,379 shares of the technology company's stock valued at $350,077,000 after buying an additional 56,086 shares during the last quarter. Norges Bank acquired a new stake in GoDaddy in the fourth quarter worth about $250,020,000. Finally, Goldman Sachs Group Inc. boosted its holdings in GoDaddy by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,456,110 shares of the technology company's stock worth $180,674,000 after acquiring an additional 123,993 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: A Zacks analysis characterized GoDaddy (GDDY) as a strong growth stock, supporting the company’s longer-term investment case despite recent legal concerns. Zacks analysis of GoDaddy growth prospects
• Neutral Sentiment: Multiple firms, including Kaplan Fox, SBS Law, Bernstein Liebhard, Rosen Law and others, reminded investors that a class action is pending for shareholders who acquired GDDY stock between September 3, 2025 and February 24, 2026. The announcements primarily seek potential lead plaintiffs and do not represent a finding that GoDaddy is liable. Lead-plaintiff deadlines cited by the firms are October 20 or October 26, 2026. Kaplan Fox GoDaddy class action announcement
• Negative Sentiment: The complaints allege that GoDaddy and certain executives failed to disclose the effects of front-end promotional discounting, including a $4.99 one-year domain promotion that allegedly reduced upfront bookings. Law firms tied the allegations to a reported stock decline of roughly 14%, increasing concerns about potential securities-law liabilities, legal costs and reputational damage. SueWallSt GoDaddy securities class action allegations
• Negative Sentiment: The unusually large number of nearly identical investor-alert releases has kept the lawsuit in focus and is likely the main near-term pressure on GDDY, even though the company’s latest reported quarter showed EPS of $1.83 versus a $1.69 consensus estimate and revenue of $1.30 billion.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GDDY shares. William Blair lowered GoDaddy from an "outperform" rating to a "market perform" rating in a research note on Friday, July 31st. Citigroup decreased their price objective on shares of GoDaddy from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. Cantor Fitzgerald reiterated a "neutral" rating and issued a $90.00 target price on shares of GoDaddy in a research note on Friday, July 31st. B. Riley Financial dropped their target price on shares of GoDaddy from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of GoDaddy from $154.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, June 18th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $110.07.

Insider Transactions at GoDaddy

In other GoDaddy news, CEO Amanpal Bhutani sold 8,194 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $101.19, for a total transaction of $829,150.86. Following the completion of the transaction, the chief executive officer directly owned 504,553 shares of the company's stock, valued at approximately $51,055,718.07. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Leah Sweet sold 325 shares of GoDaddy stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total transaction of $31,668.00. Following the sale, the director owned 13,689 shares of the company's stock, valued at approximately $1,333,856.16. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,858 shares of company stock valued at $2,593,081 over the last quarter. Company insiders own 0.93% of the company's stock.

GoDaddy Stock Performance

Shares of GDDY opened at $97.39 on Friday. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50-day moving average of $95.76 and a two-hundred day moving average of $88.62. The stock has a market cap of $12.33 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.87 and a beta of 0.94. GoDaddy Inc. has a one year low of $71.59 and a one year high of $148.19.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The company's revenue was up 6.6% on a year-over-year basis. As a group, research analysts predict that GoDaddy Inc. will post 7.21 EPS for the current year.

About GoDaddy

GoDaddy Inc NYSE: GDDY is a technology company that provides online tools and services for entrepreneurs, small businesses and individuals. Its offerings are designed to help customers establish, manage and grow an online presence, including domain-name registration, domain search and management, website hosting, professional email and online security services.

The company also provides website-building and commerce solutions that support online stores, appointment scheduling, digital marketing, search-engine optimization, social media management and payment acceptance.

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