Rathbones Group PLC Grows Holdings in GoDaddy Inc. $GDDY

Rathbones Group PLC boosted its position in GoDaddy Inc. (NYSE:GDDY) by 16.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 55,440 shares of the technology company’s stock after purchasing an additional 7,724 shares during the period. Rathbones Group PLC’s holdings in GoDaddy were worth $7,586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of GoDaddy by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 18,912,182 shares of the technology company’s stock worth $2,587,754,000 after buying an additional 150,045 shares in the last quarter. Geode Capital Management LLC increased its position in shares of GoDaddy by 2.2% during the second 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 last quarter. WCM Investment Management LLC increased its position in shares of GoDaddy by 1.8% during the third quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company’s stock valued at $529,395,000 after acquiring an additional 66,144 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in GoDaddy by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 2,896,867 shares of the technology company’s stock worth $396,378,000 after acquiring an additional 53,811 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in GoDaddy by 2.3% during the second quarter. Ameriprise Financial Inc. now owns 2,403,902 shares of the technology company’s stock worth $432,847,000 after acquiring an additional 54,438 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Insider Buying and Selling at GoDaddy

In related news, CAO Phontip Palitwanon sold 766 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $87.83, for a total transaction of $67,277.78. Following the sale, the chief accounting officer directly owned 21,659 shares in the company, valued at approximately $1,902,309.97. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 17,406 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total transaction of $1,548,959.94. Following the completion of the transaction, the chief financial officer directly owned 113,003 shares of the company’s stock, valued at approximately $10,056,136.97. This trade represents a 13.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 63,005 shares of company stock worth $5,690,243. 0.70% of the stock is currently owned by company insiders.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Q4 results showed an EPS beat (reported $1.80 vs. $1.58 expected) and ~6.8% revenue growth year/year, giving the stock a clear fundamental tailwind. Quarterly Results
• Neutral Sentiment: Sell?side coverage is mixed but constructive overall — consensus is a “Moderate Buy” with an average target near $132, which limits dramatic upside but keeps placement support from analysts. Analyst Consensus
• Negative Sentiment: Large insider selling this week increases near?term supply and hurts sentiment: CEO Amanpal Bhutani sold 34,148 shares (avg ~$88.99), CFO Mark McCaffrey sold 17,406 shares, CAO Phontip Palitwanon sold 766 shares, and a director sold 650 shares. These SEC filings are notable because executive disposals at this scale often trigger short?term selling pressure. CEO Form 4 CFO Form 4 CAO Form 4
• Negative Sentiment: Analysts have trimmed price targets in recent notes (Evercore to $95 with an “In Line” rating; several other firms cut targets), which reduces perceived upside and can prompt portfolio rebalancing by institutions. Evercore Note Analyst Summary

GoDaddy Stock Up 1.0%

Shares of NYSE GDDY opened at $94.08 on Monday. GoDaddy Inc. has a one year low of $73.06 and a one year high of $193.55. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.61. The business’s fifty day moving average price is $101.23 and its 200-day moving average price is $122.76. The stock has a market capitalization of $12.55 billion, a PE ratio of 15.10, a P/E/G ratio of 0.86 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.22. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS. On average, equities research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GDDY shares. Morgan Stanley reduced their price objective on GoDaddy from $159.00 to $145.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Cantor Fitzgerald reduced their price target on shares of GoDaddy from $130.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada decreased their price objective on shares of GoDaddy from $200.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Barclays lowered their price objective on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Wells Fargo & Company dropped their target price on shares of GoDaddy from $145.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.93.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.