HealthEquity, Inc. (NASDAQ:HQY) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,364 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HealthEquity were worth $1,378,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new position in shares of HealthEquity in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC increased its position in HealthEquity by 34.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after purchasing an additional 98 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in HealthEquity in the fourth quarter valued at approximately $39,000. UMB Bank n.a. lifted its position in HealthEquity by 65.6% during the fourth quarter. UMB Bank n.a. now owns 414 shares of the company’s stock valued at $40,000 after buying an additional 164 shares in the last quarter. Finally, Lindbrook Capital LLC grew its stake in HealthEquity by 27.6% during the fourth quarter. Lindbrook Capital LLC now owns 750 shares of the company’s stock worth $72,000 after buying an additional 162 shares during the period. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

HealthEquity Trading Up 3.7 %

NASDAQ HQY opened at $97.41 on Friday. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 89.37, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. HealthEquity, Inc. has a 12 month low of $65.01 and a 12 month high of $115.59. The company’s fifty day moving average price is $105.68 and its two-hundred day moving average price is $95.21.

Insider Transactions at HealthEquity

In related news, Director Robert W. Selander sold 5,750 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $111.29, for a total transaction of $639,917.50. Following the transaction, the director now directly owns 78,219 shares in the company, valued at $8,704,992.51. This trade represents a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho assumed coverage on shares of HealthEquity in a report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 target price on the stock. Royal Bank of Canada boosted their price objective on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JMP Securities increased their target price on HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company boosted their price target on HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Raymond James increased their price objective on shares of HealthEquity from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.92.

HealthEquity Profile

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.