WebMD Health Corp. (WBMD) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in WebMD Health Corp. (NASDAQ:WBMD) by 1,768.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,753 shares of the company’s stock after buying an additional 139,847 shares during the period. Principal Financial Group Inc. owned about 0.40% of WebMD Health Corp. worth $8,586,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WBMD. Creative Planning increased its position in shares of WebMD Health Corp. by 7.2% in the second quarter. Creative Planning now owns 5,272 shares of the company’s stock worth $306,000 after buying an additional 352 shares in the last quarter. Blair William & Co. IL increased its position in shares of WebMD Health Corp. by 5.7% in the second quarter. Blair William & Co. IL now owns 7,193 shares of the company’s stock worth $418,000 after buying an additional 387 shares in the last quarter. Atlanta Capital Group increased its position in shares of WebMD Health Corp. by 1.1% in the second quarter. Atlanta Capital Group now owns 44,769 shares of the company’s stock worth $2,602,000 after buying an additional 492 shares in the last quarter. Smithfield Trust Co. increased its position in shares of WebMD Health Corp. by 23.4% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the company’s stock worth $215,000 after buying an additional 700 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of WebMD Health Corp. by 4.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 28,494 shares of the company’s stock worth $1,656,000 after buying an additional 1,276 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for WebMD Health Corp. (NASDAQ:WBMD)

WebMD Health Corp. (NASDAQ:WBMD) opened at 50.04 on Wednesday. The firm has a market cap of $1.88 billion, a PE ratio of 30.81 and a beta of 0.57. The stock has a 50 day moving average of $50.88 and a 200 day moving average of $58.12. WebMD Health Corp. has a 12-month low of $40.51 and a 12-month high of $67.55.

WebMD Health Corp. (NASDAQ:WBMD) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. WebMD Health Corp. had a net margin of 11.05% and a return on equity of 40.02%. The company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $165.46 million. During the same period last year, the company posted $0.32 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts anticipate that WebMD Health Corp. will post $1.82 EPS for the current fiscal year.

Several equities research analysts have recently commented on WBMD shares. Mizuho started coverage on shares of WebMD Health Corp. in a research report on Monday, July 11th. They set a “buy” rating and a $68.00 price target for the company. Leerink Swann reiterated a “buy” rating and set a $70.00 price target on shares of WebMD Health Corp. in a research report on Tuesday, August 9th. Zacks Investment Research cut shares of WebMD Health Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. KeyCorp lowered their price target on shares of WebMD Health Corp. from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. Finally, Citigroup Inc. lifted their price target on shares of WebMD Health Corp. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $64.79.

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, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.

5 Day Chart for NASDAQ:WBMD

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