Alberta Investment Management Corp Grows Stock Holdings in GoDaddy Inc. $GDDY

Alberta Investment Management Corp increased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 10.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,700 shares of the technology company’s stock after acquiring an additional 2,000 shares during the period. Alberta Investment Management Corp’s holdings in GoDaddy were worth $3,907,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in GoDaddy by 257.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company’s stock worth $402,946,000 after acquiring an additional 1,610,890 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 last quarter. Pacer Advisors Inc. grew its stake in GoDaddy by 893.4% in the first quarter. Pacer Advisors Inc. now owns 647,747 shares of the technology company’s stock worth $116,685,000 after purchasing an additional 582,539 shares in the last quarter. National Bank of Canada FI increased its holdings 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 last quarter. Finally, Vanguard Group Inc. raised its stake in GoDaddy by 2.6% during the first quarter. Vanguard Group Inc. now owns 18,134,214 shares of the technology company’s stock valued at $3,266,697,000 after buying an additional 462,807 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Trading Down 1.1%

Shares of NYSE:GDDY opened at $129.68 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $17.52 billion, a PE ratio of 23.16, a P/E/G ratio of 1.36 and a beta of 0.96. GoDaddy Inc. has a 1 year low of $125.00 and a 1 year high of $216.00. The firm has a fifty day moving average price of $136.30 and a 200 day moving average price of $157.36.

GoDaddy (NYSE:GDDY) last released its earnings results 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. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $1.32 EPS. The company’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. Analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GDDY shares. Royal Bank Of Canada decreased 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. Barclays decreased their target price on GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Morgan Stanley set a $159.00 price target on GoDaddy in a research report on Friday, October 31st. Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Benchmark lowered their price objective on GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.07.

Insider Activity

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $145.71, for a total transaction of $145,710.00. Following the completion of the sale, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. The trade was a 0.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Phontip Palitwanon sold 777 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the transaction, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. This trade represents a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 19,553 shares of company stock worth $2,825,527. 0.70% of the stock is owned by company insiders.

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.