E Fund Management Hong Kong Co. Ltd. Purchases 58 Shares of Moody’s Co. (NYSE:MCO)

E Fund Management Hong Kong Co. Ltd. grew its position in Moody’s Co. (NYSE:MCO) by 52.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169 shares of the business services provider’s stock after purchasing an additional 58 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Moody’s were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCO. Haverford Trust Co boosted its stake in Moody’s by 1.8% in the 3rd quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock worth $580,000 after purchasing an additional 22 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of Moody’s by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock worth $525,000 after buying an additional 23 shares in the last quarter. Okabena Investment Services Inc. lifted its holdings in shares of Moody’s by 0.8% in the third quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock worth $1,313,000 after buying an additional 23 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its position in shares of Moody’s by 3.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock worth $353,000 after acquiring an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Moody’s by 2.5% during the third quarter. Capital Advisors Ltd. LLC now owns 984 shares of the business services provider’s stock valued at $467,000 after acquiring an additional 24 shares in the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Evercore ISI began coverage on Moody’s in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 price target for the company. Stifel Nicolaus raised their price target on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. UBS Group upped their price objective on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Citigroup started coverage on shares of Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.

Moody’s Price Performance

Moody’s stock opened at $489.21 on Monday. The firm has a market capitalization of $88.65 billion, a PE ratio of 44.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $503.95. The firm has a 50-day moving average price of $481.00 and a 200-day moving average price of $472.93. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Insiders Place Their Bets

In other 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 sale, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 843 shares of company stock valued at $401,119 over the last 90 days. Insiders own 0.07% of the company’s stock.

Moody’s 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.