Longboard Asset Management LP Makes New $253,000 Investment in Moody’s Co. (NYSE:MCO)

Longboard Asset Management LP acquired a new stake in shares of Moody’s Co. (NYSE:MCO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 534 shares of the business services provider’s stock, valued at approximately $253,000. Moody’s comprises 0.7% of Longboard Asset Management LP’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also recently made changes to their positions in MCO. Cetera Investment Advisers boosted its holdings in Moody’s by 0.3% in the second quarter. Cetera Investment Advisers now owns 18,813 shares of the business services provider’s stock worth $7,919,000 after acquiring an additional 60 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Moody’s in the 2nd quarter worth approximately $2,766,000. Czech National Bank grew its position in Moody’s by 6.6% during the 3rd quarter. Czech National Bank now owns 31,902 shares of the business services provider’s stock worth $15,140,000 after purchasing an additional 1,977 shares during the last quarter. Park Avenue Securities LLC increased its stake in Moody’s by 4.3% during the 3rd quarter. Park Avenue Securities LLC now owns 3,134 shares of the business services provider’s stock valued at $1,487,000 after purchasing an additional 130 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Moody’s by 38.9% in the third quarter. GAMMA Investing LLC now owns 1,068 shares of the business services provider’s stock worth $507,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert Fauber sold 281 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the completion of the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 843 shares of company stock worth $401,119. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MCO shares. Oppenheimer upped their target price on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their price objective on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their target price on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Citigroup initiated coverage on shares of Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 price target on the stock. Finally, Morgan Stanley upped their price objective on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Stock Down 0.5 %

MCO stock opened at $496.81 on Tuesday. The stock has a market capitalization of $90.02 billion, a P/E ratio of 45.37, a P/E/G ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $505.77. The firm has a 50-day simple moving average of $483.06 and a 200-day simple moving average of $474.82. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.