WebMD Health Corp. (WBMD) Stake Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of WebMD Health Corp. (NASDAQ:WBMD) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,735 shares of the health services provider’s stock after acquiring an additional 696 shares during the quarter. The Manufacturers Life Insurance Company owned 0.23% of WebMD Health Corp. worth $4,853,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Group LLC raised its holdings in shares of WebMD Health Corp. by 1.1% during the second quarter. Renaissance Group LLC now owns 6,365 shares of the health services provider’s stock valued at $373,000 after acquiring an additional 68 shares during the period. Northern Trust Corp increased its stake in WebMD Health Corp. by 1.8% in the 2nd quarter. Northern Trust Corp now owns 616,804 shares of the health services provider’s stock valued at $36,176,000 after buying an additional 10,655 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in 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 valued at $12,963,000 after buying an additional 215,512 shares during the period. Geode Capital Management LLC increased its stake in WebMD Health Corp. by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 297,709 shares of the health services provider’s stock valued at $15,683,000 after buying an additional 10,819 shares during the period. Finally, Karp Capital Management Corp acquired a new position in WebMD Health Corp. in the 1st quarter valued at approximately $227,000. Institutional investors and hedge funds own 90.99% of the company’s stock.

Several research firms have weighed in on WBMD. Zacks Investment Research upgraded shares of WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Friday, September 1st. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $66.50 price objective on shares of WebMD Health Corp. in a research note on Tuesday, July 25th. KeyCorp lowered shares of WebMD Health Corp. to an “overweight” rating in a research note on Wednesday, August 2nd. Leerink Swann lowered shares of WebMD Health Corp. from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. Finally, SunTrust Banks, Inc. lowered shares of WebMD Health Corp. from a “buy” rating to a “hold” rating and upped their price objective for the company from $60.00 to $66.50 in a research note on Tuesday, July 25th. 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. WebMD Health Corp. currently has an average rating of “Hold” and a consensus price target of $65.25.

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WebMD Health Corp. (NASDAQ:WBMD) opened at 66.48 on Tuesday. WebMD Health Corp. has a 52 week low of $48.10 and a 52 week high of $66.57. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 34.04 and a beta of 0.79. The stock’s 50 day moving average is $66.35 and its 200 day moving average is $58.11.

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.

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

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