TIAA CREF Investment Management LLC Sells 8,150 Shares of Web.com Group, Inc. (NASDAQ:WEB)

TIAA CREF Investment Management LLC cut its position in shares of Web.com Group, Inc. (NASDAQ:WEB) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,720 shares of the information services provider’s stock after selling 8,150 shares during the period. TIAA CREF Investment Management LLC owned about 0.35% of Web.com Group worth $3,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC raised its position in shares of Web.com Group by 2.1% in the first quarter. Teachers Advisors LLC now owns 114,533 shares of the information services provider’s stock worth $2,210,000 after buying an additional 2,386 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Web.com Group during the first quarter worth about $338,000. American International Group Inc. raised its position in shares of Web.com Group by 7.1% in the first quarter. American International Group Inc. now owns 26,177 shares of the information services provider’s stock worth $505,000 after buying an additional 1,729 shares during the period. Clinton Group Inc. raised its position in shares of Web.com Group by 7.6% in the first quarter. Clinton Group Inc. now owns 19,001 shares of the information services provider’s stock worth $367,000 after buying an additional 1,340 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Web.com Group by 48.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 66,510 shares of the information services provider’s stock worth $1,284,000 after buying an additional 21,800 shares during the period. Institutional investors own 87.62% of the company’s stock.

Shares of Web.com Group, Inc. (NASDAQ WEB) traded down 0.21% during mid-day trading on Wednesday, reaching $23.75. 79,530 shares of the company traded hands. The stock’s 50 day moving average is $23.56 and its 200 day moving average is $21.23. Web.com Group, Inc. has a 52-week low of $12.90 and a 52-week high of $25.95. The stock has a market capitalization of $1.18 billion, a PE ratio of 60.43 and a beta of 0.92.

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WEB has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of Web.com Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $20.00 to $24.00 in a report on Monday, May 15th. Deutsche Bank AG reissued a “hold” rating and set a $24.00 price objective (up previously from $23.00) on shares of Web.com Group in a research note on Wednesday, August 9th. ValuEngine raised shares of Web.com Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 20th. B. Riley reaffirmed a “buy” rating and set a $31.00 price target on shares of Web.com Group in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Web.com Group in a research note on Tuesday. They set a “hold” rating and a $26.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.46.

In related news, insider Roseann Duran sold 10,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00. Following the completion of the sale, the insider now owns 35,500 shares in the company, valued at $817,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.51% of the company’s stock.

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.

Institutional Ownership by Quarter for Web.com Group (NASDAQ:WEB)

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