Douglas Lane & Associates LLC Has $124.35 Million Stock Position in GoDaddy Inc. $GDDY

Douglas Lane & Associates LLC cut its position in GoDaddy Inc. (NYSE:GDDY) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 690,585 shares of the technology company’s stock after selling 52,505 shares during the quarter. GoDaddy comprises about 1.8% of Douglas Lane & Associates LLC’s portfolio, making the stock its 10th biggest holding. Douglas Lane & Associates LLC’s holdings in GoDaddy were worth $124,347,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of GoDaddy by 2.6% during 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 period. WCM Investment Management LLC lifted its position in shares of GoDaddy by 2.0% during 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 acquiring an additional 67,152 shares during the period. Invesco Ltd. lifted its position in shares of GoDaddy by 13.8% during the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock valued at $597,317,000 after acquiring an additional 401,918 shares during the period. Wellington Management Group LLP lifted its position in shares of GoDaddy by 13.4% during 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 acquiring an additional 371,188 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of GoDaddy by 41.1% during 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 period. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Price Performance

Shares of GDDY opened at $145.30 on Friday. The business has a 50-day simple moving average of $154.93 and a two-hundred day simple moving average of $170.42. GoDaddy Inc. has a 12-month low of $132.51 and a 12-month high of $216.00. The stock has a market cap of $20.12 billion, a PE ratio of 25.95, a PEG ratio of 1.61 and a beta of 1.02. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business’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. Analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Transactions at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 directly owned 406,065 shares of the company’s stock, valued at approximately $60,909,750. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $146.26, for a total value of $73,130.00. Following the completion of the sale, the director directly owned 20,957 shares of the company’s stock, valued at $3,065,170.82. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,828 shares of company stock valued at $5,424,888. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of recent analyst reports. Piper Sandler set a $182.00 target price on GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. Raymond James Financial cut 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. Citigroup cut their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Barclays lowered their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Royal Bank Of Canada lowered their price target on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $202.43.

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.