Cornerstone Capital Management Holdings LLC. increased its holdings in WebMD Health Corp. (NASDAQ:WBMD) by 260.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,832 shares of the health services provider’s stock after acquiring an additional 33,100 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.13% of WebMD Health Corp. worth $2,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WBMD. Janus Henderson Group PLC purchased a new stake in WebMD Health Corp. in the 2nd quarter worth about $60,851,000. Farallon Capital Management LLC purchased a new stake in WebMD Health Corp. in the 2nd quarter worth about $39,831,000. Voya Investment Management LLC lifted its stake in WebMD Health Corp. by 3,655.4% in the 2nd quarter. Voya Investment Management LLC now owns 578,629 shares of the health services provider’s stock worth $33,936,000 after acquiring an additional 563,221 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in WebMD Health Corp. by 201.6% in the 1st quarter. Point72 Asset Management L.P. now owns 253,900 shares of the health services provider’s stock worth $13,375,000 after acquiring an additional 503,900 shares in the last quarter. Finally, Cowen Inc. purchased a new stake in WebMD Health Corp. in the 2nd quarter worth about $16,120,000. 90.99% of the stock is owned by hedge funds and other institutional investors.

WebMD Health Corp. (WBMD) opened at 66.48 on Wednesday. The company’s 50 day moving average price is $66.35 and its 200 day moving average price is $58.11. WebMD Health Corp. has a 52-week low of $48.10 and a 52-week high of $66.57. The company has a market cap of $2.43 billion, a P/E ratio of 34.04 and a beta of 0.79.

WBMD has been the topic of several research reports. KeyCorp lowered WebMD Health Corp. to an “overweight” rating in a research report on Wednesday, August 2nd. Leerink Swann lowered WebMD Health Corp. from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. Citigroup Inc. lowered WebMD Health Corp. from a “buy” rating to a “neutral” rating and upped their target price for the stock from $62.00 to $66.50 in a research report on Wednesday, July 26th. BidaskClub lowered WebMD Health Corp. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $66.50 target price on shares of WebMD Health Corp. in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $65.25.

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WebMD Health Corp. 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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