Pictet Asset Management Holding SA Acquires 10,364 Shares of GoDaddy Inc. $GDDY

Pictet Asset Management Holding SA increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 12.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 92,223 shares of the technology company’s stock after purchasing an additional 10,364 shares during the period. Pictet Asset Management Holding SA’s holdings in GoDaddy were worth $11,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. increased its holdings in GoDaddy by 47.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock worth $483,360,000 after purchasing an additional 1,128,646 shares in the last quarter. Two Sigma Investments LP increased its holdings in GoDaddy by 99.7% in the 3rd quarter. Two Sigma Investments LP now owns 1,631,100 shares of the technology company’s stock worth $223,183,000 after purchasing an additional 814,360 shares in the last quarter. Victory Capital Management Inc. increased its holdings in GoDaddy by 318.6% in the 3rd quarter. Victory Capital Management Inc. now owns 735,452 shares of the technology company’s stock worth $100,632,000 after purchasing an additional 559,757 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in GoDaddy by 85.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 894,243 shares of the technology company’s stock worth $122,359,000 after purchasing an additional 411,349 shares in the last quarter. Finally, UBS Group AG increased its holdings in GoDaddy by 43.2% in the 3rd quarter. UBS Group AG now owns 1,259,460 shares of the technology company’s stock worth $172,332,000 after purchasing an additional 379,926 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Q1 beat on both EPS and revenue, showing execution strength (EPS $1.60 vs. est. $1.53; revenue $1.27B vs. est. $1.26B) — confirms underlying growth and drove the initial rally. Zacks: Beats Q1 Earnings
• Positive Sentiment: AI platform (Airo) is accelerating monetization — ARPU rose ~9.3% y/y to $246 and management cited faster monetization, supporting better margins and cash generation. This is the main structural growth argument for the stock. Zacks: Airo Execution
• Positive Sentiment: Management/guidance tone is constructive: company forecasted quarterly revenue above estimates and issued FY revenue range roughly in line with consensus, reinforcing the AI-led growth narrative. Reuters: Forecasts Revenue Above Estimates
• Positive Sentiment: Market reaction: coverage and commentaries note a share-price pop after the print, reflecting investor enthusiasm around AI product traction and improving unit economics. Blockonomi: Stock Surges
• Neutral Sentiment: Press release and investor materials (slides, prepared remarks) are available for deeper reads on segment performance, cash flow and capital allocation—useful for modeling next quarters. PR Newswire: Q1 Results
• Neutral Sentiment: Some outlets characterize revenue as essentially in-line with expectations despite the beat—investors should focus on margin/ARPU trends and guidance cadence rather than headline revenue only. Yahoo Finance: Revenue In Line
• Negative Sentiment: JPMorgan trimmed its price target from $167 to $154 (while keeping an Overweight rating), which reduces some upside expectations and may cap near-term analyst-driven flows. TickerReport/Benzinga: JPMorgan Lowers PT

Insider Buying and Selling

In other news, Director Leah Sweet sold 650 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $86.86, for a total value of $56,459.00. Following the completion of the sale, the director owned 11,414 shares of the company’s stock, valued at approximately $991,420.04. This represents a 5.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total value of $3,038,830.52. Following the completion of the sale, the chief executive officer directly owned 530,120 shares of the company’s stock, valued at approximately $47,175,378.80. The trade was a 6.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 61,918 shares of company stock worth $5,500,469. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on GDDY. Evercore set a $95.00 target price on GoDaddy in a report on Wednesday, February 25th. Royal Bank Of Canada lowered their target price on GoDaddy from $200.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Jefferies Financial Group lowered their target price on GoDaddy from $140.00 to $100.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Citigroup lowered their target price on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Benchmark lowered their target price on GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and an average target price of $120.93.

GoDaddy Trading Up 0.0%

Shares of GDDY stock opened at $86.82 on Friday. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.80 and a beta of 0.92. The stock has a 50-day moving average of $84.84 and a 200-day moving average of $106.85. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 17.50. GoDaddy Inc. has a 1-year low of $73.06 and a 1-year high of $190.50.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.07. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. GoDaddy had a return on equity of 366.98% and a net margin of 17.32%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.51 earnings per share. On average, equities research analysts forecast that GoDaddy Inc. will post 7.01 earnings per share for the current year.

About GoDaddy

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.