Teachers Advisors LLC cut its stake in Web.com Group, Inc. (NASDAQ:WEB) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,147 shares of the information services provider’s stock after selling 16,342 shares during the period. Teachers Advisors LLC owned 0.25% of Web.com Group worth $2,372,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Ellington Management Group LLC purchased a new stake in Web.com Group during the fourth quarter valued at about $201,000. B. Riley Financial Inc. raised its position in Web.com Group by 11.5% in the third quarter. B. Riley Financial Inc. now owns 12,995 shares of the information services provider’s stock valued at $224,000 after buying an additional 1,345 shares in the last quarter. BlackRock Inc. raised its position in Web.com Group by 58.8% in the third quarter. BlackRock Inc. now owns 28,808 shares of the information services provider’s stock valued at $497,000 after buying an additional 10,671 shares in the last quarter. Blue Clay Capital Management LLC raised its position in Web.com Group by 32.5% in the third quarter. Blue Clay Capital Management LLC now owns 29,750 shares of the information services provider’s stock valued at $514,000 after buying an additional 7,300 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Web.com Group by 5.8% in the third quarter. Profund Advisors LLC now owns 34,878 shares of the information services provider’s stock worth $602,000 after buying an additional 1,922 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.
Shares of Web.com Group, Inc. (NASDAQ:WEB) traded down 2.643% during midday trading on Tuesday, hitting $23.025. 102,593 shares of the stock traded hands. The company’s 50 day moving average price is $22.14 and its 200-day moving average price is $20.03. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 115.125 and a beta of 1.03. Web.com Group, Inc. has a 12-month low of $12.90 and a 12-month high of $24.85.
Web.com Group (NASDAQ:WEB) last posted its quarterly earnings data on Thursday, May 4th. The information services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by $0.54. The company had revenue of $186.80 million for the quarter, compared to analyst estimates of $182.86 million. Web.com Group had a net margin of 1.35% and a return on equity of 39.79%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. On average, equities research analysts expect that Web.com Group, Inc. will post $2.99 EPS for the current year.
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A number of equities research analysts have issued reports on WEB shares. Zacks Investment Research raised shares of Web.com Group from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. Barclays PLC began coverage on shares of Web.com Group in a research report on Tuesday, March 28th. They set an “equal weight” rating and a $22.00 price target for the company. B. Riley reaffirmed a “buy” rating and issued a $24.00 target price on shares of Web.com Group in a report on Friday, May 5th. Cantor Fitzgerald raised shares of Web.com Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $20.00 to $24.00 in a report on Friday, May 5th. Finally, ValuEngine raised shares of Web.com Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $21.86.
In other Web.com Group news, insider Roseann Duran sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $23.04, for a total value of $230,400.00. Following the sale, the insider now directly owns 35,500 shares of the company’s stock, valued at approximately $817,920. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.51% of the stock is currently owned by company insiders.
About Web.com Group
Web.com Group, Inc provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions, including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.
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