Harel Insurance Investments & Financial Services Ltd. Has $7.84 Million Position in GoDaddy Inc. $GDDY

Harel Insurance Investments & Financial Services Ltd. increased its stake in GoDaddy Inc. (NYSE:GDDY) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,542 shares of the technology company’s stock after purchasing an additional 3,628 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in GoDaddy were worth $7,840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GDDY. Cambridge Investment Research Advisors Inc. lifted its holdings in GoDaddy by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,356 shares of the technology company’s stock worth $424,000 after purchasing an additional 160 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in GoDaddy by 53.9% in the 1st quarter. Vontobel Holding Ltd. now owns 6,171 shares of the technology company’s stock worth $1,112,000 after purchasing an additional 2,162 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings 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 purchasing an additional 141 shares during the last quarter. Private Trust Co. NA lifted its holdings in GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in GoDaddy by 0.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,130 shares of the technology company’s stock worth $2,185,000 after purchasing an additional 110 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GoDaddy

In other news, CAO Phontip Palitwanon sold 777 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the chief operating officer directly owned 251,949 shares in the company, valued at approximately $36,711,488.79. This represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,703 shares of company stock valued at $2,994,243 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on GDDY. Wells Fargo & Company dropped their price target on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Evercore ISI dropped their price target on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday. Piper Sandler set a $182.00 price target on GoDaddy and gave the stock an “overweight” rating in a research report on Friday, August 8th. Morgan Stanley set a $159.00 price target on GoDaddy in a research report on Friday. Finally, 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 research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and a consensus target price of $184.07.

GoDaddy Stock Performance

GDDY opened at $133.35 on Friday. The stock has a market cap of $18.46 billion, a PE ratio of 23.81, a P/E/G ratio of 1.36 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. GoDaddy Inc. has a 1 year low of $125.00 and a 1 year high of $216.00. The stock’s 50 day simple moving average is $139.06 and its 200-day simple moving average is $160.67.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current year.

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.