KBC Group NV Has $44.32 Million Stake in GoDaddy Inc. $GDDY

KBC Group NV decreased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 70.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 246,148 shares of the technology company’s stock after selling 574,560 shares during the quarter. KBC Group NV’s holdings in GoDaddy were worth $44,321,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in GoDaddy by 257.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock worth $402,946,000 after buying an additional 1,610,890 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of GoDaddy by 41.1% in the first 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 in the last quarter. Pacer Advisors Inc. lifted its position in GoDaddy by 893.4% in the first quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company’s stock worth $116,685,000 after purchasing an additional 582,539 shares during the period. National Bank of Canada FI lifted its position in GoDaddy by 719.5% in the first quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock worth $97,008,000 after purchasing an additional 472,805 shares during the period. Finally, Vanguard Group Inc. boosted its stake in GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock worth $3,266,697,000 after buying an additional 462,807 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Price Performance

GoDaddy stock opened at $132.32 on Thursday. The business’s fifty day moving average is $136.88 and its two-hundred day moving average is $158.37. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $17.88 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.36 and a beta of 0.96. GoDaddy Inc. has a 52 week low of $125.00 and a 52 week high of $216.00.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer owned 251,949 shares of the company’s stock, valued at approximately $36,711,488.79. This represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the completion of the transaction, the chief executive officer owned 412,065 shares in the company, valued at $58,599,763.65. The trade was a 1.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,553 shares of company stock valued at $2,969,057 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on GDDY. Cantor Fitzgerald reiterated a “neutral” rating and set a $150.00 target price on shares of GoDaddy in a research report on Friday, October 31st. Evercore ISI cut their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research note on Friday, October 31st. Citigroup lowered their price objective on GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a report on Friday, October 31st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, GoDaddy has an average rating of “Moderate Buy” and a consensus target price of $184.07.

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.