US Bancorp DE Sells 2,420 Shares of GoDaddy Inc. $GDDY

US Bancorp DE decreased its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,398 shares of the technology company's stock after selling 2,420 shares during the period. US Bancorp DE's holdings in GoDaddy were worth $9,075,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GDDY. Goldman Sachs Group Inc. lifted its holdings in shares of GoDaddy by 257.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company's stock valued at $402,946,000 after acquiring an additional 1,610,890 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 710,842 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of GoDaddy by 893.4% in the 1st quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company's stock valued at $116,685,000 after acquiring an additional 582,539 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of GoDaddy by 719.5% in the 1st quarter. National Bank of Canada FI now owns 538,514 shares of the technology company's stock valued at $97,008,000 after acquiring an additional 472,805 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 462,807 shares during the last quarter. Institutional investors own 90.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on GDDY shares. Citigroup lowered their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. UBS Group decreased their price objective on shares of GoDaddy from $215.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, September 30th. Wells Fargo & Company decreased their price objective on shares of GoDaddy from $157.00 to $145.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. Barclays decreased their price objective on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the stock an "overweight" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.00.

Insider Activity

In other news, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief executive officer owned 406,065 shares of the company's stock, valued at approximately $60,909,750. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Phontip Palitwanon sold 777 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the transaction, the chief accounting officer directly owned 20,421 shares of the company's stock, valued at $2,904,070.41. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,203 shares of company stock valued at $4,200,828. Insiders own 0.70% of the company's stock.

GoDaddy Stock Performance

GoDaddy stock opened at $130.62 on Friday. The company has a 50 day moving average price of $143.57 and a 200-day moving average price of $165.16. 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 fifty-two week low of $130.17 and a fifty-two week high of $216.00. The company has a market capitalization of $18.08 billion, a PE ratio of 23.33, a P/E/G ratio of 1.42 and a beta of 0.98.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share 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 the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company's revenue was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

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.

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