Caitong International Asset Management Co. Ltd Invests $66,000 in GoDaddy Inc. $GDDY

Caitong International Asset Management Co. Ltd purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 367 shares of the technology company’s stock, valued at approximately $66,000.

Several other institutional investors also recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of GoDaddy during the 2nd quarter worth approximately $1,365,000. Bleakley Financial Group LLC acquired a new position in GoDaddy during the second quarter valued at approximately $1,898,000. Cookson Peirce & Co. Inc. grew its holdings in GoDaddy by 7.0% during the second quarter. Cookson Peirce & Co. Inc. now owns 5,868 shares of the technology company’s stock valued at $1,057,000 after purchasing an additional 384 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in GoDaddy by 11.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 39,722 shares of the technology company’s stock valued at $7,087,000 after purchasing an additional 4,068 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in GoDaddy during the second quarter valued at approximately $81,153,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of GDDY stock opened at $130.92 on Friday. The company’s fifty day simple moving average is $140.63 and its 200-day simple moving average is $162.25. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. 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. GoDaddy Inc. has a 12 month low of $127.65 and a 12 month high of $216.00.

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

Insiders Place Their Bets

In other news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $145.71, for a total value of $145,710.00. Following the sale, the chief operating officer owned 251,949 shares of the company’s stock, valued at $36,711,488.79. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief executive officer directly 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 can be found here. Insiders have sold a total of 27,203 shares of company stock valued at $4,031,238 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th. UBS Group decreased their price objective on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Raymond James Financial decreased their price objective on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a report on Friday, August 8th. Royal Bank Of Canada reduced their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.00.

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.