Naples Global Advisors LLC Has $2.37 Million Holdings in Moody’s Co. (NYSE:MCO)

Naples Global Advisors LLC decreased its holdings in Moody’s Co. (NYSE:MCO) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,002 shares of the business services provider’s stock after selling 48 shares during the period. Naples Global Advisors LLC’s holdings in Moody’s were worth $2,368,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MCO. Creative Planning increased its stake in Moody’s by 14.1% in the 3rd quarter. Creative Planning now owns 23,733 shares of the business services provider’s stock valued at $11,263,000 after buying an additional 2,933 shares during the period. NBC Securities Inc. grew its holdings in shares of Moody’s by 21.0% during the 3rd quarter. NBC Securities Inc. now owns 674 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 117 shares in the last quarter. Magnus Financial Group LLC acquired a new position in shares of Moody’s in the third quarter worth $291,000. Asset Dedication LLC raised its holdings in shares of Moody’s by 83.0% during the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. Finally, Terra Nova Asset Management LLC acquired a new stake in Moody’s during the third quarter valued at $204,000. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Stock Down 1.4 %

Shares of MCO stock opened at $505.28 on Thursday. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $513.04. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The firm has a market cap of $91.56 billion, a PE ratio of 46.14, a price-to-earnings-growth ratio of 2.93 and a beta of 1.31. The stock has a 50 day moving average of $483.50 and a 200-day moving average of $477.61.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total value of $133,087.22. Following the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at $29,314,236.28. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 1,124 shares of company stock valued at $540,051. 0.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MCO has been the subject of several recent research reports. Morgan Stanley boosted their price target on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Oppenheimer lifted their price objective on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Robert W. Baird upped their price objective on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Citigroup assumed coverage on Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 target price on the stock. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and an average target price of $507.36.

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.