Mn Services Vermogensbeheer B.V. Buys 4,400 Shares of GoDaddy Inc. $GDDY

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in GoDaddy by 9.1% during Q2, purchasing an additional 4,400 shares, bringing its total holdings to 52,800 shares valued at approximately $9.5 million.
• Several other institutional investors also bolstered their positions in GoDaddy, with some seeing significant increases, such as Cornerstone Planning Group LLC, which raised its position by 123.4%.
• GoDaddy reported better-than-expected earnings, with $1.41 EPS and revenue of $1.22 billion, exceeding analyst expectations and marking an 8.3% year-over-year revenue growth.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 9.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,800 shares of the technology company's stock after purchasing an additional 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in GoDaddy were worth $9,507,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC increased its holdings in shares of GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company's stock worth $402,000 after purchasing an additional 293 shares during the period. Sowell Financial Services LLC bought a new position in shares of GoDaddy during the first quarter worth approximately $291,000. DAVENPORT & Co LLC increased its holdings in shares of GoDaddy by 7.7% during the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company's stock worth $354,000 after purchasing an additional 141 shares during the period. Optimist Retirement Group LLC increased its stake in GoDaddy by 5.8% in the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company's stock valued at $274,000 after acquiring an additional 84 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in GoDaddy by 102.8% in the first quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company's stock valued at $145,033,000 after acquiring an additional 408,178 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Insider Transactions at GoDaddy

In other GoDaddy 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 value of $472,990.46. Following the transaction, the chief financial officer owned 70,133 shares in the company, valued at approximately $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $169.59, for a total transaction of $169,590.00. Following the sale, the chief operating officer directly owned 253,949 shares in the company, valued at $43,067,210.91. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,828 shares of company stock worth $5,394,638. 0.70% of the stock is owned by corporate insiders.

GoDaddy Stock Down 1.0%

NYSE:GDDY traded down $1.43 on Friday, hitting $144.93. The stock had a trading volume of 3,507,130 shares, compared to its average volume of 1,405,050. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $20.07 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. GoDaddy Inc. has a 1 year low of $132.51 and a 1 year high of $216.00. The firm's fifty day simple moving average is $152.05 and its two-hundred day simple moving average is $169.32.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business posted $1.01 EPS. The company'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. Analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GDDY. Barclays decreased their price objective on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Raymond James Financial decreased 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 note on Friday, August 8th. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. Royal Bank Of Canada decreased their price objective 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. Finally, Wells Fargo & Company decreased 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 note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $202.43.

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.