GoDaddy Inc. (NYSE:GDDY) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of GoDaddy Inc. (NYSE:GDDY) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 385,784 shares of the technology company’s stock after selling 10,366 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of GoDaddy worth $40,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ingalls & Snyder LLC increased its position in GoDaddy by 0.3% in the 4th quarter. Ingalls & Snyder LLC now owns 41,923 shares of the technology company’s stock valued at $4,451,000 after acquiring an additional 120 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of GoDaddy by 7.6% during the third quarter. Parkside Financial Bank & Trust now owns 1,940 shares of the technology company’s stock worth $144,000 after purchasing an additional 137 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of GoDaddy by 9.1% during the third quarter. Whittier Trust Co. now owns 1,683 shares of the technology company’s stock worth $125,000 after purchasing an additional 141 shares during the period. Quent Capital LLC grew its position in GoDaddy by 30.8% in the 4th quarter. Quent Capital LLC now owns 637 shares of the technology company’s stock valued at $68,000 after buying an additional 150 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in GoDaddy by 27.4% in the 4th quarter. Fifth Third Bancorp now owns 730 shares of the technology company’s stock valued at $77,000 after buying an additional 157 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 4,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $118.56, for a total value of $474,240.00. Following the completion of the transaction, the chief operating officer now directly owns 204,632 shares of the company’s stock, valued at $24,261,169.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other GoDaddy news, COO Roger Chen sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $118.56, for a total transaction of $474,240.00. Following the sale, the chief operating officer now directly owns 204,632 shares of the company’s stock, valued at approximately $24,261,169.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the sale, the chief financial officer now owns 116,328 shares of the company’s stock, valued at $14,055,912.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,234 shares of company stock valued at $13,534,946. 0.54% of the stock is owned by corporate insiders.

GoDaddy Price Performance

GoDaddy stock opened at $120.12 on Friday. The firm has a market capitalization of $17.11 billion, a PE ratio of 12.54 and a beta of 1.12. GoDaddy Inc. has a 52 week low of $67.43 and a 52 week high of $127.15. The firm’s 50-day simple moving average is $117.43 and its 200 day simple moving average is $102.73. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 61.07.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. On average, equities research analysts predict that GoDaddy Inc. will post 4.76 EPS for the current fiscal year.

Analyst Ratings Changes

GDDY has been the topic of several analyst reports. Barclays lifted their target price on shares of GoDaddy from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of GoDaddy in a report on Thursday, March 7th. Robert W. Baird increased their target price on GoDaddy from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Evercore ISI downgraded GoDaddy from an “outperform” rating to an “in-line” rating and lifted their price target for the company from $100.00 to $110.00 in a research note on Wednesday, February 14th. Finally, UBS Group upped their price objective on GoDaddy from $110.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $135.18.

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.