GoDaddy Inc. $GDDY Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 11.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 39,722 shares of the technology company’s stock after acquiring an additional 4,068 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in GoDaddy were worth $7,087,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. HighPoint Advisor Group LLC lifted its holdings in shares of GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after purchasing an additional 293 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in GoDaddy by 7.7% in the 1st quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock worth $354,000 after acquiring an additional 141 shares in the last quarter. Optimist Retirement Group LLC lifted its stake in GoDaddy by 5.8% in the 1st quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock worth $274,000 after acquiring an additional 84 shares in the last quarter. Voya Investment Management LLC lifted its stake in GoDaddy by 102.8% in the 1st quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock worth $145,033,000 after acquiring an additional 408,178 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in GoDaddy by 13.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company’s stock worth $1,060,000 after acquiring an additional 699 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Performance

Shares of GDDY stock opened at $130.92 on Friday. 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 $127.65 and a fifty-two week high of $216.00. The stock’s 50-day moving average is $140.63 and its two-hundred day moving average is $162.25. The firm has a market cap of $18.13 billion, a P/E ratio of 23.38, a PEG ratio of 1.43 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating 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 return on equity of 189.42% and a net margin of 17.01%.The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GDDY. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Piper Sandler set a $182.00 price objective on GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. Citigroup reduced their price objective on GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, UBS Group dropped their target price on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.00.

Insider Buying and Selling at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the 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 owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leah Sweet sold 650 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total value of $91,741.00. Following the transaction, the director directly owned 12,064 shares in the company, valued at approximately $1,702,712.96. This represents a 5.11% 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 worth $4,031,238 in the last 90 days. Company 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.