Okumus Fund Management Ltd. buys $164,814,969 stake in Web.com Group Inc (WEB)

Web.com Group Inc (WEB) : Okumus Fund Management Ltd. scooped up 2,543,431 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 Aug 15, 2016. The investment management firm now holds a total of 9,560,033 shares of Web.com Group Inc which is valued at $164,814,969.Web.com Group Inc makes up approximately 26.38% of Okumus Fund Management Ltd.’s portfolio.

Other Hedge Funds, Including , Putnam Investments reduced its stake in WEB by selling 9,413 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 489,820 shares of WEB which is valued at $8,444,497. Web.com Group Inc makes up approx 0.02% of Putnam Investments’s portfolio.Loomis Sayles Co L P boosted its stake in WEB in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 346 shares of Web.com Group Inc which is valued at $5,965. Vident Investment Advisory added WEB to its portfolio by purchasing 37,704 company shares during the most recent quarter which is valued at $650,017. Web.com Group Inc makes up approx 0.09% of Vident Investment Advisory’s portfolio.Credit Suisse Ag reduced its stake in WEB by selling 5,536 shares or 9.55% in the most recent quarter. The Hedge Fund company now holds 52,425 shares of WEB which is valued at $903,807.Msi Financial Services Inc boosted its stake in WEB in the latest quarter, The investment management firm added 22,236 additional shares and now holds a total of 22,286 shares of Web.com Group Inc which is valued at $422,097. Web.com Group Inc makes up approx 0.01% of Msi Financial Services Inc’s portfolio.

On the company’s financial health, Web.com Group Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.59. The company had revenue of $193.90 million for the quarter, compared to analysts expectations of $194.12 million. The company’s revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

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.

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