Massmutual Trust Co. FSB ADV Has $95,000 Stock Holdings in GoDaddy Inc. (NYSE:GDDY)

Massmutual Trust Co. FSB ADV boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 28.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 681 shares of the technology company’s stock after buying an additional 152 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in GoDaddy were worth $95,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in GoDaddy during the fourth quarter valued at $28,000. GAMMA Investing LLC boosted its position in shares of GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in GoDaddy during the fourth quarter worth approximately $33,000. New Covenant Trust Company N.A. bought a new stake in GoDaddy in the first quarter worth approximately $45,000. Finally, Rise Advisors LLC acquired a new position in GoDaddy in the first quarter valued at approximately $48,000. Institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GDDY shares. Royal Bank of Canada upped their price objective on shares of GoDaddy from $145.00 to $175.00 and gave the company an “outperform” rating in a report on Monday. UBS Group raised their target price on GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Morgan Stanley upped their price objective on GoDaddy from $132.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Evercore ISI upped their price objective on shares of GoDaddy from $110.00 to $135.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. Finally, Raymond James upped their price target on shares of GoDaddy from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.25.

GoDaddy Price Performance

Shares of GoDaddy stock traded up $5.14 during trading on Tuesday, hitting $152.02. 2,065,075 shares of the stock traded hands, compared to its average volume of 1,629,361. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of 12.68 and a beta of 1.14. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. GoDaddy Inc. has a 52 week low of $69.18 and a 52 week high of $154.80. The firm’s fifty day moving average is $141.77 and its 200-day moving average is $127.32.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $1.01 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.11 billion. During the same period last year, the business posted $0.63 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. Research analysts expect that GoDaddy Inc. will post 4.81 EPS for the current fiscal year.

Insider Activity

In other GoDaddy news, CAO Nick Daddario sold 523 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total value of $72,221.07. Following the transaction, the chief accounting officer now owns 22,666 shares in the company, valued at $3,129,947.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other GoDaddy news, COO Roger Chen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $138.84, for a total transaction of $555,360.00. Following the transaction, the chief operating officer now owns 196,632 shares in the company, valued at approximately $27,300,386.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nick Daddario sold 523 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $138.09, for a total value of $72,221.07. Following the completion of the transaction, the chief accounting officer now owns 22,666 shares of the company’s stock, valued at approximately $3,129,947.94. The disclosure for this sale can be found here. Over the last three months, insiders have 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.