BlackRock Amends GoDaddy Stake, Maintains Significant Passive Holding
Ticker: GDDY · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1609711
| Field | Detail |
|---|---|
| Company | Godaddy Inc. (GDDY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: GDDY
TL;DR
**BlackRock still owns a big chunk of GoDaddy, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership of GoDaddy Inc. Class A Common Stock as of December 31, 2023. This amendment, number 2, indicates BlackRock's continued significant passive stake in GoDaddy. For investors, this filing confirms that a major institutional investor like BlackRock maintains a substantial position, which can signal confidence in GoDaddy's long-term prospects and potentially provide a floor for the stock price due to their large holdings.
Why It Matters
This filing shows that BlackRock, a massive institutional investor, continues to hold a large, passive stake in GoDaddy, signaling their long-term confidence in the company.
Risk Assessment
Risk Level: low — This filing is an update from a major institutional investor maintaining a passive stake, which generally indicates stability rather than immediate risk.
Analyst Insight
Investors should note BlackRock's continued passive stake as a sign of institutional confidence, but this filing alone doesn't suggest immediate buying or selling action. It's a data point for long-term holders.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- GoDaddy Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor, like BlackRock Inc., is updating its ownership stake in a company, in this case, GoDaddy Inc.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742.
What company's securities are being reported on?
The securities being reported on are the Class A Common Stock of GoDaddy Inc., which has a CIK of 0001609711.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of GoDaddy Inc. is 380237107, as listed on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding GoDaddy Inc. (GDDY).