New York State Common Retirement Fund Has $36.09 Million Stock Position in GoDaddy Inc. (NYSE:GDDY)

New York State Common Retirement Fund decreased its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 10.4% during the 4th quarter, Holdings Channel reports. The firm owned 339,921 shares of the technology company’s stock after selling 39,370 shares during the period. New York State Common Retirement Fund’s holdings in GoDaddy were worth $36,086,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GDDY. Massmutual Trust Co. FSB ADV increased its holdings in shares of GoDaddy by 140.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after acquiring an additional 205 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of GoDaddy during the 4th quarter worth approximately $50,000. Tobam acquired a new position in shares of GoDaddy during the 4th quarter worth approximately $60,000. Fifth Third Bancorp acquired a new position in shares of GoDaddy during the 3rd quarter worth approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 624 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the completion of the sale, the chief financial officer now directly owns 116,328 shares in the company, valued at approximately $14,055,912.24. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Mark Mccaffrey sold 624 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $120.83, for a total transaction of $75,397.92. Following the completion of the sale, the chief financial officer now directly owns 116,328 shares in the company, valued at approximately $14,055,912.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Nick Daddario sold 1,823 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $110.54, for a total value of $201,514.42. Following the sale, the chief accounting officer now owns 25,263 shares of the company’s stock, valued at $2,792,572.02. The disclosure for this sale can be found here. Insiders sold a total of 121,234 shares of company stock worth $13,534,946 in the last ninety days. 0.54% of the stock is owned by insiders.

GoDaddy Stock Performance

NYSE:GDDY opened at $123.79 on Thursday. The stock has a fifty day moving average price of $118.20 and a 200-day moving average price of $104.29. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 12.92 and a beta of 1.12. The company has a debt-to-equity ratio of 61.07, a quick ratio of 0.47 and a current ratio of 0.47. GoDaddy Inc. has a fifty-two week low of $67.43 and a fifty-two week high of $127.15.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GDDY shares. StockNews.com raised GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. boosted their target price on GoDaddy from $128.00 to $136.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Evercore ISI lowered GoDaddy from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $100.00 to $110.00 in a report on Wednesday, February 14th. Morgan Stanley upped their price objective on GoDaddy from $120.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, March 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $150.00 price objective on shares of GoDaddy in a report on Thursday, March 7th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.18.

GoDaddy Company 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.