Hsbc Holdings PLC Has $120.63 Million Stock Position in GoDaddy Inc. $GDDY

Key Points

• Hsbc Holdings PLC increased its ownership in GoDaddy Inc. by 56.9%, now holding 670,358 shares worth approximately $120.63 million.
• GoDaddy reported $1.41 earnings per share for the last quarter, exceeding analysts' expectations, and achieved a revenue of $1.22 billion.
• Institutional investors and hedge funds control 90.28% of GoDaddy's stock, indicating significant market confidence and investment interest.

Hsbc Holdings PLC increased its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 56.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 670,358 shares of the technology company's stock after buying an additional 243,216 shares during the period. Hsbc Holdings PLC owned 0.47% of GoDaddy worth $120,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BNP Paribas lifted its position in GoDaddy by 2.9% during the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after buying an additional 59 shares in the last quarter. City Holding Co. lifted its position in GoDaddy by 30.0% during the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock valued at $47,000 after purchasing an additional 60 shares during the period. Equitable Trust Co. lifted its position in GoDaddy by 1.0% during the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company's stock valued at $1,199,000 after purchasing an additional 64 shares during the period. NorthCrest Asset Manangement LLC lifted its position in GoDaddy by 0.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company's stock valued at $1,435,000 after purchasing an additional 67 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in GoDaddy by 4.1% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,793 shares of the technology company's stock valued at $344,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Insiders Place Their Bets

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $160.47, for a total transaction of $80,235.00. Following the completion of the sale, the director directly owned 21,457 shares of the company's stock, valued at approximately $3,443,204.79. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 419,015 shares of the company's stock, valued at approximately $66,816,131.90. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,881 shares of company stock worth $5,869,390 over the last ninety days. Company insiders own 0.70% of the company's stock.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $144.5870 on Wednesday. The company has a market capitalization of $20.02 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 1.56 and a beta of 1.08. The firm's 50 day simple moving average is $166.04 and its 200 day simple moving average is $176.37. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. 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 announced its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. GoDaddy's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on GDDY. Barclays cut 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. JPMorgan Chase & Co. upped their target price on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada cut 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. Benchmark restated a "buy" rating on shares of GoDaddy in a research report on Monday, April 28th. Finally, Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $202.43.

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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