UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $238.14 Million Holdings in GoDaddy Inc. $GDDY

Key Points

• UBS AM reduced its stake in GoDaddy Inc. by 3.1% in the first quarter, owning approximately 1,321,960 shares valued at $238.14 million as of the latest SEC filing.
• Major hedge funds like Vanguard and JPMorgan Chase have increased their positions in GoDaddy, with JPMorgan raising its stake by 41.1%, indicating strong institutional interest in the company.
• GoDaddy recently reported $1.22 billion in revenue for the last quarter, surpassing expectations, while its stock has shown a 2.4% increase in trading.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,321,960 shares of the technology company's stock after selling 41,632 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.93% of GoDaddy worth $238,138,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GDDY. Vanguard Group Inc. raised its position in GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company's stock valued at $3,266,697,000 after purchasing an additional 462,807 shares during the last quarter. WCM Investment Management LLC raised its position in GoDaddy by 2.0% in the 1st quarter. WCM Investment Management LLC now owns 3,471,218 shares of the technology company's stock valued at $620,931,000 after purchasing an additional 67,152 shares during the last quarter. Invesco Ltd. raised its position in GoDaddy by 13.8% in the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company's stock valued at $597,317,000 after purchasing an additional 401,918 shares during the last quarter. Wellington Management Group LLP raised its position in GoDaddy by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company's stock valued at $567,017,000 after purchasing an additional 371,188 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock valued at $439,525,000 after purchasing an additional 710,842 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the transaction, the chief financial officer directly owned 70,133 shares of the company's stock, valued at $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leah Sweet sold 650 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total value of $91,741.00. Following the transaction, the director directly owned 12,064 shares of the company's stock, valued at $1,702,712.96. This trade represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,828 shares of company stock valued at $4,524,888 over the last ninety days. Company insiders own 0.70% of the company's stock.

GoDaddy Trading Up 2.4%

NYSE GDDY opened at $148.45 on Friday. The stock has a 50-day simple moving average of $155.57 and a 200 day simple moving average of $170.68. The company has a market capitalization of $20.55 billion, a PE ratio of 26.51, a P/E/G ratio of 1.57 and a beta of 1.02. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. GoDaddy Inc. has a 12 month low of $132.51 and a 12 month high of $216.00.

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 the consensus estimate of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GDDY. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an "overweight" rating in a research report on Friday, August 8th. Citigroup cut their price objective on GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada cut their price objective on GoDaddy from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Barclays dropped their target price on GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, Raymond James Financial dropped their target price on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a research report on Friday, August 8th. One investment 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, GoDaddy 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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