GoDaddy Inc. $GDDY Shares Acquired by Mn Services Vermogensbeheer B.V.

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. increased its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,800 shares of the technology company's stock after acquiring an additional 4,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in GoDaddy were worth $9,507,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company's stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of GoDaddy in the 1st quarter worth about $27,000. Private Trust Co. NA grew its stake in 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 acquiring an additional 136 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in GoDaddy in the 1st quarter valued at about $30,000. Finally, Banque Transatlantique SA purchased a new position in GoDaddy during the 1st quarter valued at about $36,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

In related news, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value 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. This trade represents a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total value of $91,741.00. Following the completion of the transaction, the director directly owned 12,064 shares in the company, valued at $1,702,712.96. This represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,828 shares of company stock valued at $5,394,638 over the last 90 days. 0.70% of the stock is currently owned by insiders.

GoDaddy Trading Down 2.3%

NYSE GDDY traded down $3.41 during trading hours on Tuesday, hitting $144.43. 178,511 shares of the company's stock were exchanged, compared to its average volume of 1,583,002. The business's 50 day moving average is $151.61 and its 200-day moving average is $169.10. 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 Inc. has a 12-month low of $132.51 and a 12-month high of $216.00. The firm has a market capitalization of $20.00 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion during 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 firm's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

GDDY has been the topic of several recent research reports. Raymond James Financial reduced their price target on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a report on Friday, August 8th. Barclays reduced their target price on GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company dropped their price target on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Citigroup reduced their price objective on GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Royal Bank Of Canada decreased 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. 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. Based on data from MarketBeat.com, the company has an average 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.