Investors Sell WebMD Health Corp (WBMD) on Strength (WBMD)

Investors sold shares of WebMD Health Corp (NASDAQ:WBMD) on strength during trading on Friday. $8.93 million flowed into the stock on the tick-up and $104.91 million flowed out of the stock on the tick-down, for a money net flow of $95.98 million out of the stock. Of all stocks tracked, WebMD Health Corp had the 30th highest net out-flow for the day. WebMD Health Corp traded up $0.01 for the day and closed at $66.48

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of WebMD Health Corp from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Friday, September 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $66.50 price target on shares of WebMD Health Corp in a report on Tuesday, July 25th. KeyCorp lowered shares of WebMD Health Corp to an “overweight” rating in a report on Wednesday, August 2nd. Leerink Swann lowered shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $60.00 to $66.50 in a report on Tuesday, July 25th. Finally, BidaskClub raised shares of WebMD Health Corp from a “strong sell” rating to a “sell” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $65.25.

The company has a 50 day moving average of $66.35 and a 200-day moving average of $58.01. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 34.04 and a beta of 0.79.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System grew its holdings 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 purchasing an additional 260 shares during the last quarter. Glen Harbor Capital Management LLC lifted its stake in WebMD Health Corp by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 2,464 shares of the health services provider’s stock worth $130,000 after acquiring an additional 224 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in WebMD Health Corp by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,522 shares of the health services provider’s stock worth $712,000 after acquiring an additional 200 shares during the period. State Treasurer State of Michigan lifted its stake in WebMD Health Corp by 4.1% in the first quarter. State Treasurer State of Michigan now owns 15,285 shares of the health services provider’s stock worth $805,000 after acquiring an additional 600 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in WebMD Health Corp by 19.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,617 shares of the health services provider’s stock worth $1,560,000 after acquiring an additional 4,790 shares during the period. Institutional investors and hedge funds own 91.10% of the company’s stock.

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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 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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