Emerald Acquisition Ltd. purchased a new stake in shares of WebMD Health Corp. (NASDAQ:WBMD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,919 shares of the company’s stock, valued at approximately $1,622,000. Emerald Acquisition Ltd. owned about 0.08% of WebMD Health Corp. as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of WBMD. Meeder Asset Management Inc. purchased a new position in shares of WebMD Health Corp. during the first quarter valued at about $115,000. LS Investment Advisors LLC purchased a new position in shares of WebMD Health Corp. during the second quarter valued at about $134,000. BlackRock Inc. raised its position in shares of WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock valued at $156,000 after buying an additional 1,413 shares during the period. Smithfield Trust Co. raised its position in shares of WebMD Health Corp. by 23.4% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the company’s stock valued at $215,000 after buying an additional 700 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of WebMD Health Corp. during the second quarter valued at about $267,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.
WebMD Health Corp. (NASDAQ:WBMD) traded down 1.060% on Tuesday, hitting $49.569. The company had a trading volume of 123,246 shares. The stock’s 50-day moving average price is $51.31 and its 200 day moving average price is $58.84. The company has a market capitalization of $1.86 billion, a P/E ratio of 30.523 and a beta of 0.57. WebMD Health Corp. has a one year low of $40.51 and a one year high of $67.55.
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. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $165.46 million. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts expect that WebMD Health Corp. will post $1.82 EPS for the current fiscal year.
WBMD has been the subject of a number of recent analyst reports. Mizuho initiated coverage on WebMD Health Corp. in a report on Monday, July 11th. They issued a “buy” rating and a $68.00 price objective for the company. Leerink Swann reiterated a “buy” rating and issued a $70.00 price objective on shares of WebMD Health Corp. in a report on Tuesday, August 9th. Zacks Investment Research downgraded WebMD Health Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. KeyCorp dropped their price objective on WebMD Health Corp. from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, August 16th. Finally, Citigroup Inc. upped their price objective on WebMD Health Corp. from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. WebMD Health Corp. presently has a consensus rating of “Buy” and an average price target of $64.79.
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, 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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