Rhumbline Advisers raised its position in WebMD Health Corp (NASDAQ:WBMD) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,196 shares of the company’s stock after buying an additional 2,250 shares during the period. Rhumbline Advisers owned about 0.21% of WebMD Health Corp worth $3,936,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of WebMD Health Corp by 10.4% in the second quarter. Vanguard Group Inc. now owns 2,888,471 shares of the company’s stock worth $167,850,000 after buying an additional 273,177 shares during the last quarter. State Street Corp raised its stake in shares of WebMD Health Corp by 91.4% in the second quarter. State Street Corp now owns 1,212,145 shares of the company’s stock worth $70,437,000 after buying an additional 578,920 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of WebMD Health Corp by 21.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,132,295 shares of the company’s stock worth $65,798,000 after buying an additional 196,555 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of WebMD Health Corp by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 1,006,883 shares of the company’s stock worth $50,042,000 after buying an additional 86,860 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of WebMD Health Corp by 65,992.1% in the third quarter. Victory Capital Management Inc. now owns 888,278 shares of the company’s stock worth $44,147,000 after buying an additional 886,934 shares during the last quarter. Hedge funds and other institutional investors own 86.08% of the company’s stock.

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

WebMD Health Corp (NASDAQ:WBMD) opened at 50.99 on Friday. WebMD Health Corp has a one year low of $45.46 and a one year high of $67.55. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 28.49 and a beta of 0.36. The firm has a 50-day moving average of $52.05 and a 200 day moving average of $53.67.

WebMD Health Corp (NASDAQ:WBMD) last posted its earnings results on Tuesday, November 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. WebMD Health Corp had a net margin of 11.97% and a return on equity of 35.64%. The firm earned $171.40 million during the quarter, compared to analyst estimates of $169.96 million. During the same period last year, the firm posted $0.32 earnings per share. WebMD Health Corp’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts predict that WebMD Health Corp will post $1.90 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Daily Political and is the propert of of Daily Political. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this piece of content can be viewed at http://www.dailypolitical.com/2017/01/14/rhumbline-advisers-acquires-2250-shares-of-webmd-health-corp-wbmd.html.

A number of equities research analysts have recently weighed in on WBMD shares. Zacks Investment Research upgraded shares of WebMD Health Corp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, October 20th. Leerink Swann restated a “buy” rating on shares of WebMD Health Corp in a report on Wednesday, September 28th. Raymond James Financial, Inc. lowered shares of WebMD Health Corp from a “strong-buy” rating to an “outperform” rating and set a $60.00 price target for the company. in a report on Monday, December 12th. Pacific Crest reiterated a “buy” rating and set a $72.00 price target on shares of WebMD Health Corp in a report on Sunday, December 4th. Finally, KeyCorp reiterated a “buy” rating on shares of WebMD Health Corp in a report on Friday, September 30th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.96.

In other WebMD Health Corp news, Chairman Martin J. Wygod sold 14,321 shares of WebMD Health Corp stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $55.00, for a total transaction of $787,655.00. Following the completion of the transaction, the chairman now directly owns 134,637 shares of the company’s stock, valued at $7,405,035. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Martin J. Wygod sold 95,000 shares of WebMD Health Corp stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $53.37, for a total transaction of $5,070,150.00. Following the transaction, the chairman now directly owns 143,334 shares of the company’s stock, valued at $7,649,735.58. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NASDAQ:WBMD

Want to see what other hedge funds are holding WBMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WebMD Health Corp (NASDAQ:WBMD).

Receive News & Ratings for WebMD Health Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WebMD Health Corp and related companies with MarketBeat.com's FREE daily email newsletter.