Jump Financial LLC Raises Position in GoDaddy Inc. $GDDY

Key Points

• Jump Financial LLC increased its holdings in GoDaddy Inc. by 1,454.1%, owning 18,727 shares worth approximately $3.37 million after purchasing 17,522 additional shares in the first quarter.
• Major institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., also raised their positions in GoDaddy, reflecting a significant interest in the company with institutional ownership at 90.28%.
• GoDaddy reported $1.22 billion in revenue for the latest quarter, which exceeded analyst expectations and represented an 8.3% increase year-over-year, alongside posting an earnings per share (EPS) of $1.41.

Jump Financial LLC increased its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 1,454.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,727 shares of the technology company's stock after buying an additional 17,522 shares during the period. Jump Financial LLC's holdings in GoDaddy were worth $3,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in GoDaddy by 2.6% during 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 in the last quarter. WCM Investment Management LLC raised its position in GoDaddy by 2.0% during 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 in the last quarter. Invesco Ltd. raised its position in GoDaddy by 13.8% during 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 in the last quarter. Wellington Management Group LLP raised its position in GoDaddy by 13.4% during the first quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company's stock valued at $567,017,000 after purchasing an additional 371,188 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in GoDaddy by 41.1% during 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 in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Stock Down 0.8%

NYSE GDDY opened at $145.9430 on Tuesday. 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 has a market capitalization of $20.21 billion, a PE ratio of 26.06, a PEG ratio of 1.59 and a beta of 1.08. GoDaddy Inc. has a 1 year low of $132.51 and a 1 year high of $216.00. The business's 50-day moving average is $163.59 and its 200 day moving average is $174.32.

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

Insiders Place Their Bets

In other GoDaddy news, CFO Mark Mccaffrey sold 625 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $177.08, for a total value of $110,675.00. Following the completion of the sale, the chief financial officer directly owned 73,459 shares in the company, valued at $13,008,119.72. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian Sharples sold 500 shares of the firm's stock in a transaction dated 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 owned 21,457 shares of the company's stock, valued at $3,443,204.79. This trade represents a 2.28% 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 valued at $5,869,390 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GDDY has been the topic of a number of recent research reports. Benchmark reaffirmed a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Wall Street Zen cut GoDaddy from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Raymond James Financial reduced their price objective 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. Royal Bank Of Canada reduced their price objective on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company reduced their price objective on GoDaddy from $198.00 to $157.00 and set an "equal weight" 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 assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, GoDaddy presently has an average rating of "Moderate Buy" and an average 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.

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