Skandinaviska Enskilda Banken AB publ Purchases 3,577 Shares of GoDaddy Inc. $GDDY

Skandinaviska Enskilda Banken AB publ lifted its position in shares of GoDaddy Inc. (NYSE:GDDY) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,590 shares of the technology company’s stock after purchasing an additional 3,577 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in GoDaddy were worth $12,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of GoDaddy by 20.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock valued at $17,888,000 after purchasing an additional 17,200 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in GoDaddy by 14.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 86,648 shares of the technology company’s stock valued at $15,602,000 after buying an additional 10,631 shares in the last quarter. GDS Wealth Management grew its holdings in GoDaddy by 16.3% in the 2nd quarter. GDS Wealth Management now owns 59,940 shares of the technology company’s stock valued at $10,793,000 after buying an additional 8,388 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of GoDaddy by 8.4% during the second quarter. Legal & General Group Plc now owns 904,525 shares of the technology company’s stock worth $162,869,000 after buying an additional 70,436 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of GoDaddy by 102.8% during the first quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock worth $145,033,000 after buying an additional 408,178 shares in the last quarter. 90.28% of the stock is owned by institutional investors.

Insider Transactions at GoDaddy

In related news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $133.11, for a total value of $66,555.00. Following the sale, the director directly owned 19,957 shares of the company’s stock, valued at $2,656,476.27. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the transaction, the chief executive officer owned 406,065 shares in the company, valued at approximately $60,909,750. This represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 19,553 shares of company stock worth $2,825,527. 0.70% of the stock is owned by insiders.

GoDaddy Price Performance

GDDY stock opened at $127.86 on Friday. The company’s 50-day moving average price is $132.28 and its two-hundred day moving average price is $153.48. The firm has a market cap of $17.28 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.36 and a beta of 0.96. 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 Inc. has a 12 month low of $121.94 and a 12 month high of $216.00.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company dropped their price target on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, Piper Sandler set a $182.00 price target on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and a consensus price target of $181.14.

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.