State Treasurer State of Michigan increased its position in WebMD Health Corp (NASDAQ:WBMD) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,585 shares of the health services provider’s stock after buying an additional 300 shares during the period. State Treasurer State of Michigan’s holdings in WebMD Health Corp were worth $914,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of WebMD Health Corp during the fourth quarter worth approximately $13,284,000. Teachers Advisors LLC raised its stake in shares of WebMD Health Corp by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 61,471 shares of the health services provider’s stock worth $3,047,000 after buying an additional 1,296 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of WebMD Health Corp by 1.6% in the first quarter. Capstone Asset Management Co. now owns 8,961 shares of the health services provider’s stock worth $472,000 after buying an additional 140 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of WebMD Health Corp by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the health services provider’s stock worth $500,000 after buying an additional 260 shares in the last quarter. Finally, Sanders Morris Harris Inc. bought a new stake in shares of WebMD Health Corp during the first quarter worth approximately $211,000. Hedge funds and other institutional investors own 92.14% of the company’s stock.

WebMD Health Corp (WBMD) traded down 0.03% during trading on Wednesday, hitting $66.33. 532,897 shares of the company were exchanged. The firm’s 50 day moving average price is $60.12 and its 200-day moving average price is $54.84. The stock has a market capitalization of $2.41 billion, a PE ratio of 34.60 and a beta of 0.78. WebMD Health Corp has a 1-year low of $48.10 and a 1-year high of $66.45.

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WBMD has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of WebMD Health Corp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday, April 20th. BidaskClub upgraded shares of WebMD Health Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, June 23rd. SunTrust Banks, Inc. lowered shares of WebMD Health Corp from a “buy” rating to a “hold” rating and lifted their price target for the stock from $60.00 to $66.50 in a research note on Tuesday, July 25th. Leerink Swann lowered shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $60.00 to $66.50 in a research note on Tuesday, July 25th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $66.50 price target on shares of WebMD Health Corp in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.40.

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

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