Interval Partners LP Buys 17,740 Shares of GoDaddy Inc. $GDDY

Key Points

• Interval Partners LP increased its stake in GoDaddy Inc. by 87.6%, acquiring 17,740 shares, bringing its total holdings to 38,000 shares worth approximately $6.85 million.
• Multiple institutional investors have also raised their stakes in GoDaddy during the first quarter, with institutional ownership now standing at 90.28%.
• Analysts have adjusted their price targets for GoDaddy, with Barclays lowering its target from $235 to $200, while overall consensus rating remains at a "Moderate Buy".

Interval Partners LP grew its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 87.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,000 shares of the technology company's stock after purchasing an additional 17,740 shares during the quarter. Interval Partners LP's holdings in GoDaddy were worth $6,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of GDDY. Goldman Sachs Group Inc. increased its holdings in GoDaddy by 257.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company's stock valued at $402,946,000 after acquiring an additional 1,610,890 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in GoDaddy by 1,412.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock valued at $242,727,000 after acquiring an additional 1,258,324 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock valued at $439,525,000 after acquiring an additional 710,842 shares during the last quarter. Pacer Advisors Inc. increased its holdings in GoDaddy by 893.4% in the 1st quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company's stock valued at $116,685,000 after acquiring an additional 582,539 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in GoDaddy by 18,248.7% in the 1st quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock valued at $92,516,000 after acquiring an additional 510,780 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Trading Down 1.7%

Shares of GDDY traded down $2.56 during midday trading on Wednesday, hitting $146.32. The stock had a trading volume of 556,762 shares, compared to its average volume of 1,583,545. GoDaddy Inc. has a 1 year low of $132.51 and a 1 year high of $216.00. The firm has a market cap of $20.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The stock's 50 day moving average is $156.75 and its 200 day moving average is $171.04.

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

Analysts Set New Price Targets

GDDY has been the topic of a number of research reports. Citigroup reduced their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Wall Street Zen downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Royal Bank Of Canada decreased their price target on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Raymond James Financial decreased their price target on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $202.43.

Insiders Place Their Bets

In other news, Director Brian Sharples sold 500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $146.26, for a total value of $73,130.00. Following the sale, the director owned 20,957 shares of the company's stock, valued at approximately $3,065,170.82. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Phontip Palitwanon sold 777 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the transaction, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,828 shares of company stock valued at $4,524,888. 0.70% of the stock is currently owned by company insiders.

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.