Virginia Retirement Systems ET AL acquired a new position in shares of WebMD Health Corp. (NASDAQ:WBMD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,600 shares of the company’s stock, valued at approximately $384,000.
A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in WebMD Health Corp. by 1.4% in the first quarter. State Street Corp now owns 633,225 shares of the company’s stock worth $39,659,000 after buying an additional 8,677 shares during the last quarter. Renaissance Technologies LLC increased its stake in WebMD Health Corp. by 23.0% in the first quarter. Renaissance Technologies LLC now owns 855,900 shares of the company’s stock worth $53,605,000 after buying an additional 159,920 shares during the last quarter. RS Investment Management Co. LLC bought a new stake in WebMD Health Corp. during the second quarter worth $40,334,000. BlackRock Institutional Trust Company N.A. increased its stake in WebMD Health Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 935,740 shares of the company’s stock worth $58,605,000 after buying an additional 2,625 shares during the last quarter. Finally, BlackRock Inc. increased its stake in WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock worth $156,000 after buying an additional 1,413 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors.
WebMD Health Corp. (NASDAQ:WBMD) opened at 50.32 on Friday. The firm’s 50-day moving average price is $51.07 and its 200 day moving average price is $58.59. WebMD Health Corp. has a 12-month low of $40.51 and a 12-month high of $67.55. The firm has a market cap of $1.89 billion, a P/E ratio of 30.99 and a beta of 0.57.
WebMD Health Corp. (NASDAQ:WBMD) last announced its earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $165.46 million. During the same period last year, the firm earned $0.32 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts forecast that WebMD Health Corp. will post $1.82 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on WBMD shares. Leerink Swann reaffirmed a “buy” rating on shares of WebMD Health Corp. in a report on Wednesday, September 21st. KeyCorp reissued a “buy” rating on shares of WebMD Health Corp. in a report on Friday, September 30th. Zacks Investment Research downgraded WebMD Health Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Mizuho assumed coverage on WebMD Health Corp. in a report on Monday, July 11th. They issued a “buy” rating and a $68.00 target price on the stock. Finally, Vetr raised WebMD Health Corp. from a “hold” rating to a “strong-buy” rating and set a $71.50 target price on the stock in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. WebMD Health Corp. presently has an average rating of “Buy” and a consensus price target of $64.79.
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.