AlphaQuest LLC Buys 3,093 Shares of GoDaddy Inc. $GDDY

AlphaQuest LLC lifted its stake in GoDaddy Inc. (NYSE:GDDY) by 54.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,756 shares of the technology company’s stock after purchasing an additional 3,093 shares during the quarter. AlphaQuest LLC’s holdings in GoDaddy were worth $1,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock worth $3,266,697,000 after purchasing an additional 462,807 shares in the last quarter. WCM Investment Management LLC lifted its position in GoDaddy by 5.7% in the 2nd quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock valued at $660,979,000 after acquiring an additional 199,459 shares in the last quarter. Invesco Ltd. lifted its position in GoDaddy by 13.8% in the 1st quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock valued at $597,317,000 after acquiring an additional 401,918 shares in the last quarter. Wellington Management Group LLP lifted its position in GoDaddy by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock valued at $567,017,000 after acquiring an additional 371,188 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock valued at $439,525,000 after acquiring an additional 710,842 shares in the last quarter. 90.28% of the stock is owned by institutional investors.

Insider Transactions at GoDaddy

In other 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 value of $145,710.00. Following the completion of the sale, the chief operating officer directly owned 251,949 shares in the company, valued at $36,711,488.79. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian Sharples sold 500 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total value of $68,285.00. Following the completion of the sale, the director owned 20,457 shares of the company’s stock, valued at $2,793,812.49. This trade represents a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,203 shares of company stock worth $4,031,238 over the last three months. 0.70% of the stock is currently owned by insiders.

GoDaddy Price Performance

Shares of GDDY opened at $130.92 on Friday. The firm has a market cap of $18.13 billion, a PE ratio of 23.38, a P/E/G ratio of 1.43 and a beta of 0.98. 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 firm has a fifty day simple moving average of $140.63 and a two-hundred day simple moving average of $162.25. GoDaddy Inc. has a 1-year low of $127.65 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Ratings Changes

GDDY has been the topic of several analyst reports. Raymond James Financial lowered their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 8th. UBS Group lowered their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. Citigroup lowered their price objective on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Barclays lowered their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.00.

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.