Rathbones Group PLC Has $8.59 Million Stock Position in GoDaddy Inc. $GDDY

Rathbones Group PLC increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 61.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 47,716 shares of the technology company’s stock after purchasing an additional 18,103 shares during the period. Rathbones Group PLC’s holdings in GoDaddy were worth $8,592,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of GoDaddy in the second quarter valued at approximately $2,827,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in GoDaddy by 7.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 277,258 shares of the technology company’s stock valued at $49,923,000 after acquiring an additional 19,104 shares during the period. Aviva PLC raised its stake in GoDaddy by 7.7% in the 2nd quarter. Aviva PLC now owns 105,673 shares of the technology company’s stock valued at $19,027,000 after acquiring an additional 7,562 shares during the period. Prospera Financial Services Inc lifted its holdings in GoDaddy by 54.6% during the 2nd quarter. Prospera Financial Services Inc now owns 7,508 shares of the technology company’s stock valued at $1,352,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in GoDaddy by 6.1% during the 1st quarter. Summit Investment Advisors Inc. now owns 11,030 shares of the technology company’s stock valued at $1,987,000 after purchasing an additional 630 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $131.93 on Monday. The business has a fifty day moving average price of $137.70 and a two-hundred day moving average price of $159.26. The stock has a market capitalization of $18.27 billion, a PE ratio of 23.56, a P/E/G ratio of 1.36 and a beta of 0.96. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. GoDaddy Inc. has a fifty-two week low of $125.00 and a fifty-two week high of $216.00.

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

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $145.71, for a total value of $145,710.00. Following the transaction, the chief operating officer directly owned 251,949 shares of the company’s stock, valued at $36,711,488.79. This trade 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, CFO Mark Mccaffrey sold 3,326 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 owned 70,133 shares of the company’s stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 21,203 shares of company stock valued at $3,060,798. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

GDDY has been the topic of several research analyst reports. Benchmark dropped their price objective on shares of GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Evercore ISI decreased their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada lowered their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Barclays reduced their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Citigroup decreased their target price on GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average price target of $184.07.

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.