J. Safra Sarasin Holding AG Has $498,000 Position in GoDaddy Inc. $GDDY

Key Points

• J. Safra Sarasin Holding AG reduced its holdings in GoDaddy Inc. by 83%, ending up with 2,766 shares valued at approximately $498,000.
• GoDaddy reported $1.22 billion in revenue for the last quarter, exceeding analyst expectations and a significant growth of 8.3% compared to the same period last year.
• Overall, 90.28% of GoDaddy's stock is owned by institutional investors, reflecting strong institutional interest in the company.

J. Safra Sarasin Holding AG cut its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 83.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,766 shares of the technology company's stock after selling 13,493 shares during the quarter. J. Safra Sarasin Holding AG's holdings in GoDaddy were worth $498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GDDY. Cornerstone Planning Group LLC grew its position in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock valued at $25,000 after purchasing an additional 79 shares during the period. Park Square Financial Group LLC acquired a new position in shares of GoDaddy in the 1st quarter valued at approximately $27,000. Private Trust Co. NA grew its position in shares of GoDaddy by 591.3% in the 1st 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 period. Zions Bancorporation National Association UT acquired a new position in shares of GoDaddy in the 1st quarter valued at approximately $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of GoDaddy in the 1st quarter valued at approximately $36,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Trading Up 0.7%

Shares of GoDaddy stock opened at $134.92 on Friday. GoDaddy Inc. has a 12-month low of $131.29 and a 12-month high of $216.00. The stock has a market cap of $18.68 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.46 and a beta of 0.98. 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 business's 50 day moving average is $146.38 and its 200-day moving average is $166.83.

GoDaddy (NYSE:GDDY - Get Free Report) last announced 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. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GDDY. Weiss Ratings reiterated a "hold (c+)" rating on shares of GoDaddy in a research report on Saturday, September 27th. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an "overweight" rating in a research note 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 note on Friday, August 8th. Raymond James Financial cut their target price on 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, Royal Bank Of Canada cut their target price on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $197.79.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 3,326 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer directly owned 70,133 shares of the company's stock, valued at approximately $9,973,613.93. The trade was a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the transaction, the chief accounting officer directly owned 20,421 shares in the company, valued at $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. Insiders sold 28,203 shares of company stock worth $4,200,828 in the last three months. 0.70% of the stock is owned by insiders.

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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