Northern Trust Corp Has $287.66 Million Position in GoDaddy Inc. $GDDY

Key Points

• Northern Trust Corp increased its stake in GoDaddy Inc. by 11.7% in Q1, now holding approximately 1.12% of the company's shares valued at $287.66 million.
• GoDaddy reported earnings of $1.41 per share for the most recent quarter, exceeding analysts' estimates, with revenue of $1.22 billion, a year-over-year increase of 8.3%.
• Institutional investors own 90.28% of GoDaddy's stock, indicating significant backing and confidence in the company's prospects.

Northern Trust Corp increased its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,596,865 shares of the technology company's stock after purchasing an additional 166,685 shares during the quarter. Northern Trust Corp owned approximately 1.12% of GoDaddy worth $287,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cornerstone Planning Group LLC increased its holdings in shares of 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 buying an additional 79 shares in the last quarter. Park Square Financial Group LLC bought a new stake in GoDaddy during the 1st quarter worth $27,000. Private Trust Co. NA increased its holdings in GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company's stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in GoDaddy in the 1st quarter worth about $30,000. Finally, GW&K Investment Management LLC raised its position in GoDaddy by 307.9% in the first quarter. GW&K Investment Management LLC now owns 257 shares of the technology company's stock valued at $46,000 after purchasing an additional 194 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 1.2%

NYSE:GDDY opened at $146.4170 on Thursday. GoDaddy Inc. has a 52 week low of $132.51 and a 52 week 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. The firm's fifty day moving average is $165.43 and its 200-day moving average is $176.16. The firm has a market cap of $20.27 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.56 and a beta of 1.08.

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

Insiders Place Their Bets

In other GoDaddy news, CAO Phontip Palitwanon sold 2,173 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total value of $386,511.51. Following the transaction, the chief accounting officer directly owned 21,198 shares of the company's stock, valued at approximately $3,770,488.26. The trade was a 9.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 3,317 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $179.81, for a total value of $596,429.77. Following the transaction, the chief financial officer owned 74,084 shares in the company, valued at $13,321,044.04. The trade was a 4.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,881 shares of company stock valued at $5,869,390 over the last 90 days. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on GDDY shares. Benchmark restated a "buy" rating on shares of GoDaddy in a report on Monday, April 28th. Raymond James Financial reduced their target price 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. JPMorgan Chase & Co. raised their price target on shares of GoDaddy from $231.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Barclays cut their price target on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a 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 for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.

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