WebMD Health Corp. (WBMD) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in WebMD Health Corp. (NASDAQ:WBMD) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,066,382 shares of the health services provider’s stock after buying an additional 123,295 shares during the period. Vanguard Group Inc. owned 8.45% of WebMD Health Corp. worth $179,843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HPM Partners LLC raised its holdings in shares of WebMD Health Corp. by 0.3% in the second quarter. HPM Partners LLC now owns 4,454 shares of the health services provider’s stock worth $261,000 after buying an additional 13 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of WebMD Health Corp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,096 shares of the health services provider’s stock worth $533,000 after buying an additional 24 shares during the last quarter. Renaissance Group LLC raised its holdings in shares of WebMD Health Corp. by 1.1% in the second quarter. Renaissance Group LLC now owns 6,365 shares of the health services provider’s stock worth $373,000 after buying an additional 68 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of WebMD Health Corp. by 0.5% in the second quarter. Meeder Asset Management Inc. now owns 16,524 shares of the health services provider’s stock worth $970,000 after buying an additional 89 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of WebMD Health Corp. by 2.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,679 shares of the health services provider’s stock worth $388,000 after buying an additional 177 shares during the last quarter. 90.99% of the stock is owned by institutional investors and hedge funds.

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WebMD Health Corp. (NASDAQ:WBMD) opened at 66.48 on Wednesday. The stock has a market cap of $2.43 billion, a PE ratio of 34.04 and a beta of 0.79. WebMD Health Corp. has a one year low of $48.10 and a one year high of $66.57. The company’s 50 day moving average is $66.35 and its 200 day moving average is $58.11.

WBMD has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of WebMD Health Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub cut shares of WebMD Health Corp. from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, KeyCorp cut shares of WebMD Health Corp. to an “overweight” rating in a report on Wednesday, August 2nd. 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. WebMD Health Corp. presently has a consensus rating of “Hold” and an average target price of $65.25.

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.

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

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