Dock Street Asset Management Inc. Sells 478 Shares of Moody’s Co. (NYSE:MCO)

Dock Street Asset Management Inc. lessened its holdings in Moody’s Co. (NYSE:MCO) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 23,830 shares of the business services provider’s stock after selling 478 shares during the period. Moody’s makes up approximately 1.4% of Dock Street Asset Management Inc.’s holdings, making the stock its 20th biggest holding. Dock Street Asset Management Inc.’s holdings in Moody’s were worth $11,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp raised its position in Moody’s by 11.2% during the 3rd quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock valued at $29,858,000 after purchasing an additional 6,340 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Moody’s by 32.5% in the fourth quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock valued at $6,777,000 after acquiring an additional 3,510 shares in the last quarter. Burney Co. bought a new position in Moody’s during the 4th quarter worth about $6,775,000. Mizuho Securities USA LLC increased its position in Moody’s by 567.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock valued at $38,338,000 after purchasing an additional 68,674 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of 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 valued at $1,107,344,000 after purchasing an additional 430,878 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analysts Set New Price Targets

MCO has been the topic of several research reports. Citigroup initiated coverage on shares of Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 price objective on the stock. UBS Group upped their price objective on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their target price on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their price target on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Finally, Oppenheimer boosted their price objective on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Stock Performance

Shares of MCO stock opened at $502.46 on Friday. 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 business has a fifty day moving average of $482.92 and a 200 day moving average of $475.85. The firm has a market capitalization of $91.05 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 1 year low of $360.05 and a 1 year high of $505.77.

Insider Buying and Selling

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 completion of the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at $30,601,631.48. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 1,124 shares of company stock valued at $540,051 over the last quarter. 0.07% of the stock is currently owned by company insiders.

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.