Moody’s Corporation $MCO Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its stake in shares of Moody’s Corporation (NYSE:MCO) by 29.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,687 shares of the business services provider’s stock after acquiring an additional 3,773 shares during the period. Wealthfront Advisers LLC’s holdings in Moody’s were worth $7,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rexford Capital Inc. purchased a new stake in Moody’s during the second quarter worth $25,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Moody’s in the second quarter valued at $25,000. Johnson Financial Group Inc. acquired a new position in shares of Moody’s during the 2nd quarter worth $28,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Moody’s in the 3rd quarter worth about $31,000. Finally, Salomon & Ludwin LLC acquired a new stake in Moody’s in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 575 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $498.90, for a total value of $286,867.50. Following the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at approximately $30,473,809.80. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Moody’s Trading Down 1.7%

Shares of Moody’s stock opened at $411.65 on Thursday. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $546.88. The business’s fifty day moving average is $504.52 and its two-hundred day moving average is $497.63. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The firm has a market cap of $73.44 billion, a PE ratio of 33.09, a P/E/G ratio of 1.94 and a beta of 1.44.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MCO shares. Evercore lifted their target price on shares of Moody’s from $540.00 to $620.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Stifel Nicolaus set a $574.00 price objective on Moody’s and gave the stock a “buy” rating in a research report on Monday, January 5th. Wells Fargo & Company increased their target price on Moody’s from $620.00 to $660.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Finally, The Goldman Sachs Group reduced their price objective on Moody’s from $603.00 to $532.00 and set a “buy” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $558.56.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.