QRG Capital Management Inc. Decreases Holdings in GoDaddy Inc. $GDDY

Key Points

• QRG Capital Management cut its GoDaddy stake by 90.9% in the second quarter, selling 26,443 shares and retaining 2,649 shares valued at approximately $225,000. Institutional investors and hedge funds collectively own 90.28% of GoDaddy.
• GoDaddy reported quarterly earnings of $1.83 per share, exceeding estimates of $1.69, while revenue rose 6.6% year over year to $1.30 billion. The stock opened at $97.07, below the analyst consensus price target of $110.69, with an overall “Hold” rating.
• Several law firms are soliciting investors for a potential securities class action tied to GoDaddy’s domain-registration pricing and contract-term changes. The allegations could create litigation costs and increase concerns about revenue quality and disclosures, though no liability has been established.

QRG Capital Management Inc. lowered its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 90.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,649 shares of the technology company's stock after selling 26,443 shares during the quarter. QRG Capital Management Inc.'s holdings in GoDaddy were worth $225,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in GoDaddy by 11.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,216,382 shares of the technology company's stock valued at $399,089,000 after purchasing an additional 319,515 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in GoDaddy by 2.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,821,379 shares of the technology company's stock valued at $350,077,000 after buying an additional 56,086 shares during the period. WCM Investment Management LLC lifted its holdings in GoDaddy by 1.0% in the first quarter. WCM Investment Management LLC now owns 3,314,456 shares of the technology company's stock valued at $270,924,000 after buying an additional 33,509 shares during the period. Goldman Sachs Group Inc. boosted its stake in GoDaddy by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,456,110 shares of the technology company's stock valued at $180,674,000 after acquiring an additional 123,993 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in GoDaddy by 67.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,256,998 shares of the technology company's stock valued at $155,968,000 after acquiring an additional 504,374 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Trading Up 0.1%

Shares of GoDaddy stock opened at $97.07 on Friday. GoDaddy Inc. has a 12-month low of $71.59 and a 12-month high of $139.44. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.87 and a beta of 0.94. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 561.10. The firm's 50-day moving average price is $96.83 and its two-hundred day moving average price is $89.25.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 EPS. On average, analysts forecast that GoDaddy Inc. will post 7.23 earnings per share for the current fiscal year.

More GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Neutral Sentiment: Several law firms—including Kaplan Fox, Rosen Law, Bronstein Gewirtz & Grossman, and Bleichmar Fonti & Auld—announced or promoted a securities class action involving investors who purchased GoDaddy shares from September 3, 2025, through February 24, 2026. The notices primarily seek potential lead plaintiffs and do not establish liability. Bronstein class-action announcement
• Negative Sentiment: The allegations reportedly focus on GoDaddy’s domain-registration contract-term shift, including claims that a $4.99 one-year promotion replaced higher-value multiyear bookings and that investors were not adequately informed. If proven, the claims could raise litigation costs, settlement risk, and questions about the company’s revenue quality and disclosures. SueWallSt shareholder alert
• Negative Sentiment: The repeated October 2 alerts increase visibility around the lawsuit and may weigh on sentiment, although they largely repeat the same allegations rather than disclose a new court ruling or operational development. The lead-plaintiff deadline is generally cited as October 20, 2026, while one notice references an October 26 court deadline. Kaplan Fox lawsuit notice
• Neutral Sentiment: UBS reportedly sees attractive valuation in Gen Digital despite volatility involving GoDaddy, but the commentary offers limited direct support for GDDY and underscores that investors are distinguishing between broader internet-security opportunities and GoDaddy-specific legal uncertainty. UBS valuation commentary

Analyst Upgrades and Downgrades

GDDY has been the subject of several recent research reports. Citigroup dropped their target price on shares of GoDaddy from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. B. Riley Financial dropped their price objective on GoDaddy from $190.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut GoDaddy to a "buy" rating in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on GoDaddy from $154.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, June 18th. Finally, Wells Fargo & Company downgraded shares of GoDaddy from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $80.00 to $76.00 in a research report on Wednesday, August 26th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, GoDaddy currently has a consensus rating of "Hold" and a consensus target price of $110.69.

Insider Activity

In other GoDaddy news, Director Leah Sweet sold 325 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.44, for a total transaction of $31,668.00. Following the transaction, the director owned 13,689 shares in the company, valued at approximately $1,333,856.16. This represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Phontip Palitwanon sold 2,261 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $91.81, for a total value of $207,582.41. Following the sale, the chief accounting officer owned 17,734 shares in the company, valued at approximately $1,628,158.54. This represents a 11.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 26,858 shares of company stock valued at $2,593,081. 0.93% of the stock is owned by corporate insiders.

GoDaddy Profile

GoDaddy Inc NYSE: GDDY is a technology company that provides domain name registration and online services for individuals, entrepreneurs, and small businesses. Its platform enables customers to search for and manage domain names, establish an online presence, and build and maintain websites.

The company offers website and ecommerce tools, managed web hosting, business email, online marketing services, and website security products. GoDaddy also provides tools designed to help businesses manage digital content, customer engagement, appointments, payments, and other day-to-day online activities through an integrated platform.

Founded in 1997 as Jomax Technologies by entrepreneur Bob Parsons, the company later adopted the GoDaddy name and grew into a global provider of online services.

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