Panoramic Capital Partners LLC Purchases New Position in Moody’s Co. (NYSE:MCO)

Panoramic Capital Partners LLC acquired a new stake in Moody’s Co. (NYSE:MCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 508 shares of the business services provider’s stock, valued at approximately $240,000.

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

Insiders Place Their Bets

In related news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $494.42, for a total transaction of $138,932.02. Following the transaction, the chief executive officer now owns 61,894 shares in the company, valued at $30,601,631.48. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 1,124 shares of company stock worth $540,051. Corporate insiders own 0.07% of the company’s stock.

Moody’s Trading Up 0.1 %

NYSE MCO opened at $504.03 on Tuesday. The stock has a market capitalization of $91.33 billion, a P/E ratio of 46.03, a P/E/G ratio of 2.93 and a beta of 1.31. The business has a 50 day simple moving average of $482.99 and a 200 day simple moving average of $476.68. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. Moody’s Co. has a one year low of $360.05 and a one year high of $506.27.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Oppenheimer lifted their price target on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus increased their price objective on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $507.36.

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.