Credit Agricole S A cut its stake in shares of WebMD Health Corp. (NASDAQ:WBMD) by 99.9% during the fourth quarter, Holdings Channel reports. The firm owned 9,918 shares of the company’s stock after selling 8,804,198 shares during the period. Credit Agricole S A’s holdings in WebMD Health Corp. were worth $492,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of WBMD. LS Investment Advisors LLC boosted its position in WebMD Health Corp. by 7.2% in the third quarter. LS Investment Advisors LLC now owns 2,480 shares of the company’s stock valued at $123,000 after buying an additional 167 shares during the period. Elkfork Partners LLC bought a new position in WebMD Health Corp. during the fourth quarter valued at about $135,000. Advisory Services Network LLC bought a new position in WebMD Health Corp. during the third quarter valued at about $201,000. Aperio Group LLC boosted its position in WebMD Health Corp. by 2.1% in the third quarter. Aperio Group LLC now owns 4,151 shares of the company’s stock valued at $206,000 after buying an additional 87 shares during the period. Finally, Renaissance Group LLC bought a new position in WebMD Health Corp. during the fourth quarter valued at about $236,000. Institutional investors and hedge funds own 86.66% of the company’s stock.
Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 51.25 on Tuesday. The company’s 50-day moving average is $51.35 and its 200-day moving average is $51.35. WebMD Health Corp. has a one year low of $48.10 and a one year high of $67.55. The company has a market capitalization of $1.84 billion, a PE ratio of 26.07 and a beta of 0.54.
WebMD Health Corp. (NASDAQ:WBMD) last issued its earnings results on Thursday, February 16th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. WebMD Health Corp. had a net margin of 11.97% and a return on equity of 35.64%. The business had revenue of $207.47 million for the quarter, compared to analyst estimates of $206.99 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. Equities analysts predict that WebMD Health Corp. will post $2.01 earnings per share for the current year.
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Several research analysts have recently issued reports on the stock. Pacific Crest reiterated a “buy” rating and issued a $72.00 price objective on shares of WebMD Health Corp. in a report on Sunday, December 4th. Cowen and Company cut shares of WebMD Health Corp. from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Wednesday, March 15th. Citigroup Inc upgraded shares of WebMD Health Corp. from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, January 30th. They noted that the move was a valuation call. Zacks Investment Research cut shares of WebMD Health Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, February 14th. Finally, Raymond James Financial, Inc. cut shares of WebMD Health Corp. from a “strong-buy” rating to an “outperform” rating and set a $60.00 price objective for the company. in a report on Monday, December 12th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WebMD Health Corp. currently has an average rating of “Buy” and a consensus price target of $65.79.
In other news, Chairman Martin J. Wygod sold 14,321 shares of WebMD Health Corp. stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $55.00, for a total transaction of $787,655.00. Following the sale, the chairman now directly owns 134,637 shares in the company, valued at approximately $7,405,035. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.10% of the stock is currently owned by insiders.
About WebMD Health Corp.
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.
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