Geode Capital Management LLC boosted its stake in shares of WebMD Health Corp (NASDAQ:WBMD) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,709 shares of the health services provider’s stock after buying an additional 10,819 shares during the period. Geode Capital Management LLC owned approximately 0.80% of WebMD Health Corp worth $15,683,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of WebMD Health Corp during the fourth quarter valued at about $751,000. Comerica Bank increased its stake in shares of WebMD Health Corp by 0.9% in the fourth quarter. Comerica Bank now owns 27,746 shares of the health services provider’s stock valued at $1,415,000 after buying an additional 250 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of WebMD Health Corp by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,410 shares of the health services provider’s stock valued at $119,000 after buying an additional 93 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of WebMD Health Corp by 8.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,690 shares of the health services provider’s stock valued at $332,000 after buying an additional 510 shares during the period. Finally, Norges Bank acquired a new stake in shares of WebMD Health Corp during the fourth quarter valued at about $13,284,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.
WebMD Health Corp (NASDAQ:WBMD) opened at 66.18 on Friday. WebMD Health Corp has a 1-year low of $48.10 and a 1-year high of $66.34. The company’s 50-day moving average price is $58.98 and its 200-day moving average price is $54.32. The firm has a market capitalization of $2.40 billion, a P/E ratio of 34.52 and a beta of 0.74.
WebMD Health Corp (NASDAQ:WBMD) last announced its quarterly earnings results on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. WebMD Health Corp had a net margin of 12.56% and a return on equity of 26.73%. The firm had revenue of $154.06 million during the quarter, compared to analysts’ expectations of $152.53 million. Equities research analysts expect that WebMD Health Corp will post $2.05 earnings per share for the current fiscal year.
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Several brokerages have issued reports on WBMD. Raymond James Financial, Inc. downgraded WebMD Health Corp from an “outperform” rating to a “mkt perform” rating in a report on Wednesday. Citigroup Inc. cut WebMD Health Corp from a “buy” rating to a “neutral” rating and increased their price target for the company from $62.00 to $66.50 in a research report on Wednesday. Leerink Swann cut WebMD Health Corp from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $60.00 to $66.50 in a research report on Tuesday, July 25th. SunTrust Banks, Inc. cut WebMD Health Corp from a “buy” rating to a “hold” rating and lifted their price target for the stock from $60.00 to $66.50 in a report on Tuesday, July 25th. Finally, BidaskClub raised WebMD Health Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $64.40.
WebMD Health Corp Company Profile
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals through its Websites, mobile applications and health-focused publications. Advertisers and sponsors use The WebMD Health Network to reach and engage healthcare professionals and consumers who are interested in healthy living, wellness, diseases and conditions, and other health-related topics.
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