AlphaQuest LLC Boosts Stake in Moody’s Corporation $MCO

AlphaQuest LLC lifted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 185.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,506 shares of the business services provider’s stock after acquiring an additional 1,628 shares during the quarter. AlphaQuest LLC’s holdings in Moody’s were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Rexford Capital Inc. bought a new stake in shares of Moody’s in the second quarter worth approximately $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Moody’s in the second quarter worth approximately $25,000. Johnson Financial Group Inc. purchased a new stake in Moody’s in the second quarter worth approximately $28,000. Heartwood Wealth Advisors LLC bought a new stake in Moody’s in the 3rd quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC purchased a new stake in Moody’s during the 3rd quarter valued at $38,000. 92.11% of the stock is currently owned by institutional investors.

Moody’s Stock Performance

NYSE:MCO opened at $515.39 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50-day simple moving average of $509.66 and a two-hundred day simple moving average of $500.42. The firm has a market capitalization of $91.95 billion, a PE ratio of 41.43, a P/E/G ratio of 2.38 and a beta of 1.44. Moody’s Corporation has a 52-week low of $378.71 and a 52-week high of $546.88.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCO. Wells Fargo & Company raised their price target on Moody’s from $620.00 to $660.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Raymond James Financial upgraded Moody’s from an “underperform” rating to a “market perform” rating in a research report on Friday, October 17th. The Goldman Sachs Group raised Moody’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $524.00 to $570.00 in a research report on Tuesday, December 16th. Mizuho boosted their price target on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen lowered shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $560.94.

About Moody’s

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.