Martin J. Wygod Sells 89,843 Shares of WebMD Health Corp. (WBMD) Stock
WebMD Health Corp. (NASDAQ:WBMD) Chairman Martin J. Wygod sold 89,843 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $53.94, for a total value of $4,846,131.42. Following the completion of the transaction, the chairman now owns 156,591 shares of the company’s stock, valued at approximately $8,446,518.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 53.81 on Thursday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 30.06 and a beta of 0.34. WebMD Health Corp. has a 12 month low of $43.36 and a 12 month high of $67.55. The firm has a 50-day moving average price of $51.57 and a 200 day moving average price of $56.27.
WebMD Health Corp. (NASDAQ:WBMD) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.07. WebMD Health Corp. had a return on equity of 35.64% and a net margin of 11.97%. The business had revenue of $171.40 million for the quarter, compared to the consensus estimate of $169.96 million. During the same period last year, the business earned $0.32 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, analysts anticipate that WebMD Health Corp. will post $1.91 EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. KeyCorp decreased their price target 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. Leerink Swann reiterated a “buy” rating on shares of WebMD Health Corp. in a research note on Wednesday, September 21st. 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, September 19th. 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. Finally, Zacks Investment Research upgraded WebMD Health Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. WebMD Health Corp. has an average rating of “Buy” and a consensus price target of $64.29.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position 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 valued at $44,147,000 after buying an additional 886,934 shares in the last quarter. RS Investment Management Co. LLC acquired a new position in shares of WebMD Health Corp. during the second quarter valued at approximately $40,334,000. State Street Corp increased its position 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 valued at $70,437,000 after buying an additional 578,920 shares in the last quarter. Hillhouse Capital Management Ltd. acquired a new position in shares of WebMD Health Corp. during the third quarter valued at approximately $22,560,000. Finally, Copper Rock Capital Partners LLC acquired a new position in shares of WebMD Health Corp. during the second quarter valued at approximately $18,126,000. 84.44% of the stock is currently owned by institutional investors and hedge funds.
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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