SunTrust Banks, Inc. downgraded shares of WebMD Health Corp (NASDAQ:WBMD) from a buy rating to a hold rating in a research note issued to investors on Tuesday, July 25th, Marketbeat reports. The brokerage currently has $66.50 target price on the health services provider’s stock, up from their previous target price of $60.00.
Several other brokerages also recently commented on WBMD. Zacks Investment Research upgraded WebMD Health Corp from a hold rating to a buy rating and set a $62.00 target price for the company in a research note on Tuesday, July 18th. William Blair reiterated a hold rating on shares of WebMD Health Corp in a research note on Friday, March 31st. Finally, BidaskClub upgraded WebMD Health Corp from a strong sell rating to a sell rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $65.25.
Shares of WebMD Health Corp (NASDAQ:WBMD) traded up 0.03% during midday trading on Tuesday, reaching $66.28. The company’s stock had a trading volume of 738,910 shares. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 33.94 and a beta of 0.78. WebMD Health Corp has a 12 month low of $48.10 and a 12 month high of $66.45. The company has a 50-day moving average price of $62.24 and a 200-day moving average price of $56.02.
Several hedge funds have recently added to or reduced their stakes in WBMD. Blue Harbour Group L.P. increased its stake in WebMD Health Corp by 87.2% in the first quarter. Blue Harbour Group L.P. now owns 3,361,336 shares of the health services provider’s stock worth $177,075,000 after buying an additional 1,565,422 shares during the last quarter. Janus Henderson Group PLC bought a new stake in WebMD Health Corp during the second quarter worth $60,851,000. Koch Industries Inc. increased its stake in WebMD Health Corp by 11,780.9% in the second quarter. Koch Industries Inc. now owns 866,475 shares of the health services provider’s stock worth $852,000 after buying an additional 859,182 shares during the last quarter. Farallon Capital Management LLC bought a new stake in WebMD Health Corp during the second quarter worth $39,831,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in WebMD Health Corp during the first quarter worth $34,201,000. Hedge funds and other institutional investors own 89.87% of the company’s stock.
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 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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