Live Oak Private Wealth LLC Sells 355 Shares of Moody’s Co. (NYSE:MCO)

Live Oak Private Wealth LLC cut its holdings in Moody’s Co. (NYSE:MCO) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,133 shares of the business services provider’s stock after selling 355 shares during the period. Live Oak Private Wealth LLC’s holdings in Moody’s were worth $5,270,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in 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 during the period. FMR LLC boosted its stake 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 worth $3,123,294,000 after purchasing an additional 723,226 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 purchasing an additional 502,891 shares during the last quarter. Jennison Associates LLC raised its position 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 during the period. Finally, Geode Capital Management LLC lifted its stake 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 purchasing an additional 416,535 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Insider Activity

In other news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction 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 $29,390,984.84. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 1,124 shares of company stock worth $540,051. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MCO shares. Robert W. Baird increased their price target on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Citigroup started coverage on Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 target price on the stock. Morgan Stanley raised their price target on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Oppenheimer boosted their price target on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Price Performance

Shares of MCO stock opened at $502.46 on Friday. The company has a market cap of $91.05 billion, a P/E ratio of 45.89, a PEG ratio of 2.91 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s 50-day moving average is $482.89 and its 200 day moving average is $475.66. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $505.77.

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.