Maverick Capital Ltd. Increases Stake in GoDaddy Inc. $GDDY

Key Points

• Maverick Capital Ltd. boosted its ownership in GoDaddy Inc. by 107.9% during the first quarter, holding a total of 3,994 shares valued at $719,000 as of the latest quarter.
• GoDaddy reported earnings of $1.41 per share for the previous quarter, surpassing analysts' expectations of $1.34, with revenue of $1.22 billion, a growth of 8.3% year-over-year.
• Institutional investors hold 90.28% of GoDaddy's stock, indicating strong institutional interest in the company amidst ongoing changes in analyst ratings and price targets.

Maverick Capital Ltd. boosted its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 107.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,994 shares of the technology company's stock after purchasing an additional 2,073 shares during the quarter. Maverick Capital Ltd.'s holdings in GoDaddy were worth $719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas lifted its stake in GoDaddy by 2.9% in the 4th quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after purchasing an additional 59 shares in the last quarter. City Holding Co. raised its position in shares of 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 buying an additional 60 shares in the last quarter. Equitable Trust Co. raised its position in shares of 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 buying an additional 64 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of 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 buying an additional 67 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of GoDaddy by 4.9% during the 1st quarter. Allworth Financial LP now owns 1,575 shares of the technology company's stock valued at $284,000 after buying an additional 73 shares in the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Mark Mccaffrey sold 3,326 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer owned 70,133 shares in the company, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the transaction, the chief accounting officer owned 20,421 shares in the company, valued at $2,904,070.41. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,001 shares of company stock worth $4,911,400. 0.70% of the stock is currently owned by insiders.

GoDaddy Trading Up 0.1%

NYSE:GDDY traded up $0.15 during trading hours on Friday, reaching $145.07. The company's stock had a trading volume of 1,280,245 shares, compared to its average volume of 2,122,474. The firm has a market capitalization of $20.09 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.57 and a beta of 1.02. The firm has a 50-day simple moving average of $157.99 and a 200-day simple moving average of $171.45. GoDaddy Inc. has a 1 year low of $132.51 and a 1 year high of $216.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

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 (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 company's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GDDY. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. Raymond James Financial lowered their price objective on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research report on Friday, August 8th. Citigroup lowered their price objective on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada lowered their price objective 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. Finally, Wells Fargo & Company lowered their price objective on shares of GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research report 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 issued a Hold rating to the company. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and a consensus target price 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.