State Board of Administration of Florida Retirement System Buys 1,330 Shares of GoDaddy Inc. $GDDY

State Board of Administration of Florida Retirement System grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,009 shares of the technology company’s stock after acquiring an additional 1,330 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.10% of GoDaddy worth $25,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GDDY. Avantax Advisory Services Inc. boosted its holdings in GoDaddy by 38.0% during the first quarter. Avantax Advisory Services Inc. now owns 3,952 shares of the technology company’s stock worth $712,000 after purchasing an additional 1,089 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of GoDaddy by 37.6% during the 1st quarter. Cetera Investment Advisers now owns 31,919 shares of the technology company’s stock worth $5,750,000 after buying an additional 8,719 shares in the last quarter. LPL Financial LLC boosted its stake in shares of GoDaddy by 26.7% in the 1st quarter. LPL Financial LLC now owns 83,789 shares of the technology company’s stock worth $15,094,000 after buying an additional 17,680 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of GoDaddy by 28.8% in the 1st quarter. Natixis Advisors LLC now owns 141,315 shares of the technology company’s stock worth $25,456,000 after buying an additional 31,633 shares during the last quarter. Finally, Alberta Investment Management Corp grew its holdings in shares of GoDaddy by 66.9% in the first quarter. Alberta Investment Management Corp now owns 19,700 shares of the technology company’s stock valued at $3,549,000 after acquiring an additional 7,900 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $127.86 on Friday. The company has a 50 day moving average of $132.28 and a 200 day moving average of $153.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock 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. GoDaddy Inc. has a 12 month low of $121.94 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY) last announced its 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 business 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%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. 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. Royal Bank Of Canada cut 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. UBS Group reduced their price target on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Citigroup decreased their price objective on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, GoDaddy currently has an average rating of “Moderate Buy” and a consensus target price of $181.14.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the completion of the transaction, the chief accounting officer directly owned 20,421 shares in the company, valued at $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,553 shares of company stock worth $2,825,527 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

About GoDaddy

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.