Cornerstone Capital Management Holdings LLC. increased its stake in shares of WebMD Health Corp. (NASDAQ:WBMD) by 260.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,832 shares of the health services provider’s stock after purchasing an additional 33,100 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.13% of WebMD Health Corp. worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in WebMD Health Corp. by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,066,382 shares of the health services provider’s stock valued at $179,843,000 after buying an additional 123,295 shares during the period. Janus Capital Management LLC grew its holdings in WebMD Health Corp. by 15.3% in the 1st quarter. Janus Capital Management LLC now owns 1,195,632 shares of the health services provider’s stock valued at $62,986,000 after buying an additional 158,534 shares during the period. State Street Corp lifted its stake in shares of WebMD Health Corp. by 7.0% in the 1st quarter. State Street Corp now owns 1,191,112 shares of the health services provider’s stock valued at $62,745,000 after purchasing an additional 78,201 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of WebMD Health Corp. by 1.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,116,210 shares of the health services provider’s stock valued at $65,465,000 after purchasing an additional 16,877 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of WebMD Health Corp. in the 2nd quarter valued at about $60,851,000. Hedge funds and other institutional investors own 90.99% of the company’s stock.
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Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 66.48 on Friday. The stock’s 50 day moving average price is $66.35 and its 200 day moving average price is $58.11. The company has a market cap of $2.43 billion, a P/E ratio of 34.04 and a beta of 0.79. WebMD Health Corp. has a 1-year low of $48.10 and a 1-year high of $66.57.
WBMD has been the topic of several research analyst reports. Zacks Investment Research raised WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 18th. SunTrust Banks, Inc. lowered WebMD Health Corp. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.25.
WebMD Health Corp. 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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