GoDaddy Inc. $GDDY Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in GoDaddy Inc. (NYSE:GDDY) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 283,532 shares of the technology company’s stock after purchasing an additional 6,274 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of GoDaddy worth $38,796,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. NewSquare Capital LLC raised its holdings in shares of GoDaddy by 170.9% in the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Hemington Wealth Management increased its position in shares of GoDaddy by 85.9% in the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after acquiring an additional 85 shares during the period. Root Financial Partners LLC purchased a new position in GoDaddy in the 3rd quarter worth $31,000. Rossby Financial LCC lifted its position in GoDaddy by 125.4% during the 3rd quarter. Rossby Financial LCC now owns 284 shares of the technology company’s stock worth $38,000 after acquiring an additional 158 shares during the period. Finally, Bayforest Capital Ltd grew its stake in GoDaddy by 141.5% during the 3rd quarter. Bayforest Capital Ltd now owns 355 shares of the technology company’s stock valued at $49,000 after purchasing an additional 208 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

Shares of GDDY stock opened at $86.97 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 17.50. GoDaddy Inc. has a 12-month low of $73.06 and a 12-month high of $193.55. The business’s 50 day moving average is $104.84 and its two-hundred day moving average is $124.79. The company has a market capitalization of $11.75 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.80 and a beta of 0.94.

GoDaddy (NYSE:GDDY) last announced its earnings results on Tuesday, February 24th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.22. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company posted $1.36 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,932 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $886,880.08. Following the transaction, the chief executive officer directly owned 399,133 shares of the company’s stock, valued at approximately $51,065,076.02. This trade represents a 1.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 3,317 shares of GoDaddy stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $424,376.98. Following the completion of the sale, the chief financial officer owned 66,816 shares in the company, valued at approximately $8,548,439.04. The trade was a 4.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,615 shares of company stock valued at $1,743,102 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on GoDaddy from $145.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 price objective on shares of GoDaddy in a report on Wednesday. Citigroup cut their price objective on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of GoDaddy in a research report on Wednesday, January 28th. Finally, Morgan Stanley lowered their price target on shares of GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $131.93.

GoDaddy News Summary

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Benchmark kept a Buy rating and set a $210 price target, signaling at least one major analyst still sees material upside vs. current levels. Benchmark Cuts GoDaddy Price Target
• Neutral Sentiment: Citigroup lowered its target from $195 to $110 but maintained a Buy — a notable downgrade in expectations but not in conviction. Citigroup price target note
• Neutral Sentiment: Barclays trimmed its price target to $118 while keeping an Overweight rating, another mixed signal (lower PT but still constructive). Barclays price target cut
• Negative Sentiment: Multiple sell‑side targets were cut sharply (Wells Fargo $77, UBS $105, Cantor Fitzgerald $90, RBC $100), adding downward pressure on sentiment and indicating lowered earnings/valuation expectations. Wells Fargo PT to $77 UBS PT to $105 Cantor PT $90 RBC PT $100
• Negative Sentiment: Several law firms have launched securities‑fraud investigations into GoDaddy related to the Feb. 24 results, creating legal overhang and potential disclosure/legal costs that increase near‑term risk. Glancy Prongay Wolke & Rotter investigation Frank R. Cruz investigation
• Negative Sentiment: Media coverage flagged that the stock hit a two‑year low and “gapped down” after analyst downgrades and earnings‑related concerns, underscoring weak investor sentiment following the quarter. InsiderMonkey: two‑year low Shares gap down article

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.