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

A number of other hedge funds have also recently modified their holdings of MCO. International Assets Investment Management LLC increased its stake in shares of Moody’s by 74,000.1% during the third quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock valued at $343,935,000 after purchasing an additional 723,721 shares in the last quarter. FMR LLC grew its stake in shares of Moody’s by 12.3% in the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after buying an additional 723,226 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Moody’s by 32.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after buying an additional 502,891 shares in the last quarter. Jennison Associates LLC raised its stake in Moody’s by 22.6% during the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after buying an additional 430,878 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Moody’s by 13.0% in the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after acquiring an additional 416,535 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Citigroup started coverage on shares of Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 target price on the stock. Oppenheimer increased their price target on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Morgan Stanley boosted their price objective on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Stock Up 0.6 %

Moody’s stock opened at $489.21 on Monday. Moody’s Co. has a one year low of $360.05 and a one year high of $503.95. The stock has a fifty day moving average of $481.00 and a 200 day moving average of $472.93. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap 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.

Insider Activity

In other news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction 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 $29,390,984.84. The trade was a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 843 shares of company stock valued at $401,119 in the last quarter. 0.07% of the stock is currently owned by insiders.

About Moody’s

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.