Northern Trust Corp boosted its stake in WebMD Health Corp. (NASDAQ:WBMD) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 616,804 shares of the health services provider’s stock after purchasing an additional 10,655 shares during the quarter. Northern Trust Corp owned approximately 1.70% of WebMD Health Corp. worth $36,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of WBMD. Asset Management One Co. Ltd. bought a new position in WebMD Health Corp. in the 1st quarter worth about $148,000. Bank of Montreal Can boosted its stake in WebMD Health Corp. by 7.8% in the 2nd quarter. Bank of Montreal Can now owns 2,966 shares of the health services provider’s stock worth $174,000 after purchasing an additional 214 shares during the period. Turner Investments LLC bought a new position in WebMD Health Corp. in the 2nd quarter worth about $176,000. Envestnet Asset Management Inc. boosted its stake in WebMD Health Corp. by 39.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,364 shares of the health services provider’s stock worth $178,000 after purchasing an additional 954 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in WebMD Health Corp. in the 2nd quarter worth about $214,000. Institutional investors and hedge funds own 90.99% of the company’s stock.

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Shares of WebMD Health Corp. (NASDAQ WBMD) opened at 66.48 on Friday. The stock has a market cap of $2.43 billion, a PE ratio of 34.04 and a beta of 0.79. The firm has a 50 day moving average price of $66.35 and a 200 day moving average price of $58.11. WebMD Health Corp. has a 12-month low of $48.10 and a 12-month high of $66.57.

Several brokerages have commented on WBMD. Leerink Swann downgraded WebMD Health Corp. from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $60.00 to $66.50 in a research note on Tuesday, July 25th. SunTrust Banks, Inc. cut WebMD Health Corp. from a “buy” rating to a “hold” rating and raised their price target for the company from $60.00 to $66.50 in a report on Tuesday, July 25th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $66.50 price target on shares of WebMD Health Corp. in a report on Tuesday, July 25th. Citigroup Inc. cut WebMD Health Corp. from a “buy” rating to a “neutral” rating and raised their price target for the company from $62.00 to $66.50 in a report on Wednesday, July 26th. Finally, BidaskClub raised WebMD Health Corp. from a “strong sell” rating to a “sell” rating in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. WebMD Health Corp. has a consensus rating of “Hold” and a consensus target price of $65.25.

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.

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

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