IFM Investors Pty Ltd Has $6.88 Million Stock Position in GoDaddy Inc. $GDDY

Key Points

• IFM Investors Pty Ltd reduced its stake in GoDaddy Inc. by 9.5% during Q2, holding 38,206 shares valued at approximately $6.88 million as of its latest SEC filing.
• GoDaddy beat analysts' estimates for Q2 earnings with an EPS of $1.41 and reported revenue of $1.22 billion, marking an 8.3% increase compared to the previous year.
• Institutional investors own approximately 90.28% of GoDaddy's stock, indicating strong institutional interest in the company.

IFM Investors Pty Ltd lessened its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 9.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,206 shares of the technology company's stock after selling 3,991 shares during the quarter. IFM Investors Pty Ltd's holdings in GoDaddy were worth $6,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of 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 buying an additional 79 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of GoDaddy in the 1st quarter worth about $27,000. Private Trust Co. NA grew its position in shares of GoDaddy by 591.3% in the first 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 last quarter. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the first quarter worth $30,000. Finally, Banque Transatlantique SA purchased a new stake in shares of GoDaddy during the first quarter worth about $36,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

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 directly owned 12,064 shares in the company, valued at approximately $1,702,712.96. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $988,359.50. Following the completion of the transaction, the chief executive officer directly owned 412,065 shares in the company, valued at $58,599,763.65. This trade represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,828 shares of company stock valued at $5,394,638. 0.70% of the stock is currently owned by company insiders.

GoDaddy Trading Up 2.2%

NYSE GDDY traded up $3.20 on Monday, reaching $147.96. The company had a trading volume of 1,739,598 shares, compared to its average volume of 1,590,370. GoDaddy Inc. has a 52 week low of $132.51 and a 52 week high of $216.00. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.56 and a beta of 1.02. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock's 50 day moving average is $152.05 and its 200-day moving average is $169.30.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GDDY. Wells Fargo & Company cut 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 report on Friday, August 8th. Citigroup cut 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. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a 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 issued a Hold rating to the company. According to data from MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and a consensus 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.