Virginia Retirement Systems ET AL bought a new position in shares of Web.com Group Inc (NYSE:WEB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 31,700 shares of the company’s stock, valued at approximately $576,000. Virginia Retirement Systems ET AL owned 0.06% of Web.com Group as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of Web.com Group during the second quarter worth about $110,000. Great West Life Assurance Co. Can acquired a new position in shares of Web.com Group during the second quarter worth about $125,000. Quantbot Technologies LP acquired a new position in shares of Web.com Group during the second quarter worth about $155,000. ClariVest Asset Management LLC acquired a new position in shares of Web.com Group during the second quarter worth about $165,000. Finally, Bank of Montreal Can acquired a new position in shares of Web.com Group during the second quarter worth about $183,000.
Web.com Group Inc (NYSE:WEB) opened at 17.15 on Wednesday. The firm has a 50-day moving average of $17.60 and a 200 day moving average of $18.12. Web.com Group Inc has a one year low of $15.71 and a one year high of $25.00. The stock has a market capitalization of $845.36 million and a PE ratio of 10.65.
Web.com Group (NYSE:WEB) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm earned $193.90 million during the quarter, compared to the consensus estimate of $194.14 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 38.5% on a year-over-year basis. On average, equities research analysts anticipate that Web.com Group Inc will post $2.61 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on WEB. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of Web.com Group in a research report on Friday, August 5th. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Web.com Group in a report on Sunday, June 26th. Zacks Investment Research raised shares of Web.com Group from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, July 7th. RBC Capital Markets reaffirmed a “hold” rating and issued a $23.00 target price on shares of Web.com Group in a report on Sunday, August 7th. Finally, Deutsche Bank AG decreased their target price on shares of Web.com Group from $19.00 to $17.00 and set a “hold” rating for the company in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.40.
In other news, major shareholder Opportunistic Value Fun Okumus sold 99,600 shares of the firm’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $18.70, for a total value of $1,862,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Web.com Group Company Profile
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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