New York State Common Retirement Fund Has $28.47 Million Stake in GoDaddy Inc. $GDDY

New York State Common Retirement Fund reduced its holdings in GoDaddy Inc. (NYSE:GDDY) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,112 shares of the technology company’s stock after selling 1,532 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of GoDaddy worth $28,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GDDY. Norges Bank bought a new stake in shares of GoDaddy during the 2nd quarter valued at $341,588,000. Goldman Sachs Group Inc. boosted its position in shares of GoDaddy by 257.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock worth $402,946,000 after purchasing an additional 1,610,890 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of GoDaddy by 41.1% during the first quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company’s stock worth $439,525,000 after purchasing an additional 710,842 shares during the period. Vanguard Group Inc. increased its holdings in GoDaddy by 3.5% in the second quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock valued at $3,378,310,000 after purchasing an additional 627,923 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in GoDaddy by 719.5% in the first quarter. National Bank of Canada FI now owns 538,514 shares of the technology company’s stock valued at $97,008,000 after buying an additional 472,805 shares during the period. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Up 0.6%

Shares of GDDY stock opened at $127.86 on Monday. GoDaddy Inc. has a 12-month low of $121.94 and a 12-month high of $216.00. 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 fifty day moving average of $132.28 and a 200-day moving average of $153.24. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.36 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, beating the consensus estimate 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 net margin of 17.01% and a return on equity of 189.42%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mark Mccaffrey sold 3,326 shares of the company’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 completion of the transaction, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 19,553 shares of company stock valued at $2,825,527. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

GDDY has been the subject of several analyst reports. Citigroup decreased their target price on GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Raymond James Financial restated a “strong-buy” rating on shares of GoDaddy in a report on Friday, October 31st. Morgan Stanley set a $159.00 target price on shares of GoDaddy in a research note on Friday, October 31st. Barclays cut their target price on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.14.

GoDaddy 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.