HPM Partners LLC Grows Position in WebMD Health Corp (WBMD)

HPM Partners LLC increased its holdings in WebMD Health Corp (NASDAQ:WBMD) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,454 shares of the health services provider’s stock after purchasing an additional 13 shares during the quarter. HPM Partners LLC’s holdings in WebMD Health Corp were worth $261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Eaton Vance Management raised its holdings in shares of WebMD Health Corp by 106.6% in the 2nd quarter. Eaton Vance Management now owns 10,332 shares of the health services provider’s stock worth $606,000 after purchasing an additional 5,332 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of WebMD Health Corp by 2.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 6,679 shares of the health services provider’s stock worth $388,000 after purchasing an additional 177 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of WebMD Health Corp by 3,909.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 221,024 shares of the health services provider’s stock worth $12,963,000 after purchasing an additional 215,512 shares in the last quarter. Swiss National Bank raised its holdings in shares of WebMD Health Corp by 2.4% in the 2nd quarter. Swiss National Bank now owns 63,286 shares of the health services provider’s stock worth $3,712,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings 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 worth $65,465,000 after purchasing an additional 16,877 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.

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Shares of WebMD Health Corp (NASDAQ WBMD) opened at 66.47 on Tuesday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 34.03 and a beta of 0.79. The stock’s 50 day moving average is $66.31 and its 200-day moving average is $57.72. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.57.

A number of analysts recently commented on the stock. KeyCorp downgraded shares of WebMD Health Corp to an “overweight” rating in a report on Wednesday, August 2nd. Leerink Swann downgraded shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $60.00 to $66.50 in a report on Tuesday, July 25th. BidaskClub downgraded shares of WebMD Health Corp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Citigroup Inc. downgraded shares of WebMD Health Corp from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $62.00 to $66.50 in a report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of WebMD Health Corp from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. WebMD Health Corp currently has a consensus rating of “Hold” and an average target price of $65.25.

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

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