Web.com Group Inc (WEB) : Sabal Capital Management scooped up 102,384 additional shares in Web.com Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 368,237 shares of Web.com Group Inc which is valued at $6.2 Million.Web.com Group Inc makes up approximately 10.71% of Sabal Capital Management’s portfolio.
Other Hedge Funds, Including , Sg Americas Securities added WEB to its portfolio by purchasing 20,263 company shares during the most recent quarter which is valued at $342,850.Secor Capital Advisors Lp boosted its stake in WEB in the latest quarter, The investment management firm added 8,041 additional shares and now holds a total of 40,839 shares of Web.com Group Inc which is valued at $690,996. Web.com Group Inc makes up approx 0.13% of Secor Capital Advisors Lp’s portfolio. Stoneridge Investment Partners added WEB to its portfolio by purchasing 42,646 company shares during the most recent quarter which is valued at $852,494. Web.com Group Inc makes up approx 0.12% of Stoneridge Investment Partners’s portfolio.
On the company’s financial health, Web.com Group Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.61. The company had revenue of $153.40 million for the quarter, compared to analysts expectations of $152.24 million. The company’s revenue was up 11.4% compared to the same quarter last year.
Many Wall Street Analysts have commented on Web.com Group Inc. Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .Shares were Downgraded by Deutsche Bank on Feb 16, 2016 to ” Hold” and Lowered the Price Target to $ 19 from a previous price target of $31 .Shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Sector Perform” and Lowered the Price Target to $ 23 from a previous price target of $25 .
Web.com Group Inc. (Web.com) provides a range of Internet services to small businesses. The Company offers Domain Name Registration and Services Do-It-For-Me Web Solutions Do-It-Yourself Web Solutions and Online Marketing Services. It offers Domain Name Registration and Services such as domain name registration transfers renewals expiration protection and privacy services. It offers Do-It-For-Me (DIFM) Web Solutions such as custom Website Ignite Facebook Boost by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions such as Website building and marketing solutions. It offers Online Marketing Services such as search engine optimization (SEO) search engine marketing Leads by Web and renovation experts. Web.com offers small businesses subscription-based solutions such as domains hosting Website design and management search engine optimization online marketing campaigns local sales leads social media mobile products and eCommerce solutions.