Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of WebMD Health Corp. (NASDAQ:WBMD) during the second quarter, Holdings Channel reports. The institutional investor purchased 12,708 shares of the company’s stock, valued at approximately $738,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted 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. Eagle Asset Management Inc. boosted its stake in WebMD Health Corp. by 2.7% in the second quarter. Eagle Asset Management Inc. now owns 920,023 shares of the company’s stock worth $53,462,000 after buying an additional 24,490 shares during the last quarter. Renaissance Technologies LLC boosted 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 acquired a new stake in WebMD Health Corp. during the second quarter worth approximately $40,334,000. Finally, State Street Corp boosted 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. 84.83% of the stock is owned by institutional investors and hedge funds.

WebMD Health Corp. (NASDAQ:WBMD) traded down 0.04% on Tuesday, reaching $49.00. The company’s stock had a trading volume of 585,733 shares. WebMD Health Corp. has a one year low of $37.57 and a one year high of $67.55. The stock has a market cap of $1.84 billion, a P/E ratio of 30.17 and a beta of 0.70. The stock has a 50-day moving average of $53.50 and a 200-day moving average of $59.40.

WebMD Health Corp. (NASDAQ:WBMD) last released its earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. The firm had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $165.46 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that WebMD Health Corp. will post $1.82 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded WebMD Health Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. lifted their target price on WebMD Health Corp. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $62.00 target price on shares of WebMD Health Corp. in a research note on Thursday, August 11th. Leerink Swann reiterated a “buy” rating and set a $70.00 target price on shares of WebMD Health Corp. in a research note on Tuesday, August 9th. Finally, Mizuho reiterated a “buy” rating and set a $63.00 target price (down from $68.00) on shares of WebMD Health Corp. in a research note on Monday. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. WebMD Health Corp. has an average rating of “Buy” and an average target price 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.

5 Day Chart for NASDAQ:WBMD

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