Banco Bilbao Vizcaya Argentaria S.A. Sells 4,051 Shares of GoDaddy Inc. $GDDY

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,366 shares of the technology company’s stock after selling 4,051 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in GoDaddy were worth $7,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GDDY. Fiera Capital Corp increased its holdings in GoDaddy by 3.5% during the second quarter. Fiera Capital Corp now owns 257,635 shares of the technology company’s stock worth $46,390,000 after buying an additional 8,696 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in GoDaddy by 2.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,902 shares of the technology company’s stock valued at $3,764,000 after acquiring an additional 452 shares during the last quarter. Geode Capital Management LLC grew its position in shares of GoDaddy by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock valued at $677,726,000 after acquiring an additional 81,623 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of GoDaddy by 18.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,026 shares of the technology company’s stock worth $1,985,000 after purchasing an additional 1,745 shares during the last quarter. Finally, Robeco Schweiz AG bought a new stake in shares of GoDaddy in the 2nd quarter worth approximately $9,129,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on GDDY. Benchmark dropped their price objective on GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Morgan Stanley set a $159.00 price target on GoDaddy in a research report on Friday, October 31st. B. Riley decreased their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of GoDaddy in a research note on Friday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $150.00 target price on shares of GoDaddy in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.07.

GoDaddy Price Performance

GDDY stock opened at $129.68 on Friday. The firm has a 50 day moving average of $136.30 and a 200-day moving average of $157.58. The firm has a market capitalization of $17.52 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. GoDaddy Inc. has a 12 month low of $125.00 and a 12 month high of $216.00. 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 (NYSE:GDDY) last posted its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. GoDaddy’s revenue was up 10.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction on 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 sale, the chief financial officer owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This trade 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 accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. This represents a 0.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,553 shares of company stock valued at $2,825,527 in the last ninety days. 0.70% of the stock is owned by insiders.

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.