GoDaddy Inc. (NYSE:GDDY) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV increased its stake in GoDaddy Inc. (NYSE:GDDY) by 28.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 681 shares of the technology company’s stock after acquiring an additional 152 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in GoDaddy were worth $95,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GDDY. GAMMA Investing LLC increased its holdings in shares of GoDaddy by 315.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the technology company’s stock worth $153,000 after buying an additional 830 shares during the last quarter. American Trust purchased a new position in shares of GoDaddy in the 1st quarter worth about $267,000. DekaBank Deutsche Girozentrale lifted its stake in shares of GoDaddy by 96.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 35,654 shares of the technology company’s stock valued at $4,275,000 after purchasing an additional 17,490 shares in the last quarter. Cetera Advisors LLC lifted its stake in shares of GoDaddy by 16.0% in the 1st quarter. Cetera Advisors LLC now owns 7,755 shares of the technology company’s stock valued at $920,000 after purchasing an additional 1,068 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of GoDaddy by 365.9% during the 1st quarter. Cetera Investment Advisers now owns 16,198 shares of the technology company’s stock worth $1,922,000 after purchasing an additional 12,721 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GDDY shares. Robert W. Baird lifted their price target on shares of GoDaddy from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday. Benchmark reaffirmed a “buy” rating and set a $158.00 price target on shares of GoDaddy in a research report on Monday, July 29th. Royal Bank of Canada raised their price objective on GoDaddy from $145.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James upped their target price on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Friday. Finally, UBS Group raised their target price on GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.25.

GoDaddy Stock Performance

Shares of NYSE GDDY traded up $5.14 during trading on Tuesday, reaching $152.02. The stock had a trading volume of 2,065,075 shares, compared to its average volume of 1,629,361. The firm’s 50 day moving average price is $141.77 and its two-hundred day moving average price is $127.32. GoDaddy Inc. has a one year low of $69.18 and a one year high of $154.80. The stock has a market cap of $21.69 billion, a PE ratio of 12.68 and a beta of 1.14. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55 and a current ratio of 0.55.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). GoDaddy had a negative return on equity of 363.95% and a net margin of 41.12%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts forecast that GoDaddy Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Activity

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.48, for a total value of $439,440.00. Following the sale, the chief executive officer now directly owns 362,398 shares in the company, valued at $53,084,059.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other GoDaddy news, CFO Mark Mccaffrey sold 4,058 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $133.69, for a total transaction of $542,514.02. Following the completion of the transaction, the chief financial officer now owns 112,473 shares in the company, valued at approximately $15,036,515.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.48, for a total value of $439,440.00. Following the transaction, the chief executive officer now directly owns 362,398 shares in the company, valued at $53,084,059.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,071 shares of company stock valued at $7,410,566. 0.61% of the stock is currently 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.