Sei Investments Co. Has $45.13 Million Stock Position in GoDaddy Inc. $GDDY

Key Points

• Sei Investments Co. has increased its stake in GoDaddy Inc. by 13.7%, owning approximately 0.17% of the company valued at $45.1 million after acquiring an additional 28,555 shares.
• GoDaddy reported $1.41 earnings per share (EPS) for the latest quarter, surpassing analysts' expectations of $1.34, while revenues rose by 8.3% year-over-year to $1.22 billion.
• Insider transactions show significant selling activity, with insiders selling 32,257 shares valued at $5.6 million over the last 90 days, indicating potential concerns about stock performance.

Sei Investments Co. boosted its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,636 shares of the technology company's stock after acquiring an additional 28,555 shares during the quarter. Sei Investments Co. owned 0.17% of GoDaddy worth $45,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in GoDaddy by 2.6% in the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company's stock valued at $3,266,697,000 after purchasing an additional 462,807 shares during the period. Price T Rowe Associates Inc. MD raised its position in GoDaddy by 11.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,808,975 shares of the technology company's stock valued at $751,778,000 after purchasing an additional 395,160 shares during the period. WCM Investment Management LLC raised its position in GoDaddy by 2.0% in the first quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company's stock valued at $620,931,000 after purchasing an additional 67,152 shares during the period. Invesco Ltd. raised its position in GoDaddy by 13.8% in the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company's stock valued at $597,317,000 after purchasing an additional 401,918 shares during the period. Finally, JPMorgan Chase & Co. raised its position in GoDaddy by 41.1% in the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock valued at $439,525,000 after purchasing an additional 710,842 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Insider Buying and Selling at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $159.46, for a total value of $956,760.00. Following the completion of the sale, the chief executive officer owned 419,015 shares in the company, valued at $66,816,131.90. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Sharples sold 500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $160.47, for a total value of $80,235.00. Following the completion of the sale, the director owned 21,457 shares of the company's stock, valued at $3,443,204.79. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,881 shares of company stock worth $5,725,860. 0.70% of the stock is owned by insiders.

GoDaddy Stock Performance

Shares of NYSE:GDDY traded down $0.3690 during trading on Tuesday, hitting $143.7010. 582,856 shares of the company traded hands, compared to its average volume of 1,584,518. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.58 and a beta of 1.08. The business's fifty day moving average is $166.72 and its 200-day moving average is $176.59. GoDaddy Inc. has a one year low of $132.51 and a one year high of $216.00. 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 (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 189.42% and a net margin of 17.01%.The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $1.01 EPS. The business's revenue for the quarter 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 analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Citigroup dropped their target price on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company dropped their target price on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Barclays dropped their target price on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Raymond James Financial dropped their target price on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research 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 given a Hold rating to the stock. According to MarketBeat, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.43.

GoDaddy 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.