Advantage Alpha Capital Partners LP Lowers Position in HealthEquity, Inc. (NASDAQ:HQY)

Advantage Alpha Capital Partners LP lessened its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 13.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 72,013 shares of the company’s stock after selling 11,079 shares during the period. HealthEquity accounts for about 1.6% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 13th biggest holding. Advantage Alpha Capital Partners LP owned approximately 0.08% of HealthEquity worth $6,910,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new position in shares of HealthEquity in the fourth quarter worth about $10,304,089,000. Wasatch Advisors LP lifted its holdings in HealthEquity by 6.6% in the 3rd quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock worth $635,065,000 after purchasing an additional 483,269 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of HealthEquity during the fourth quarter valued at approximately $45,728,000. Geneva Capital Management LLC lifted its holdings in shares of HealthEquity by 24.6% in the fourth quarter. Geneva Capital Management LLC now owns 1,048,903 shares of the company’s stock worth $100,642,000 after buying an additional 206,894 shares in the last quarter. Finally, Barclays PLC grew its stake in HealthEquity by 209.3% during the third quarter. Barclays PLC now owns 166,492 shares of the company’s stock valued at $13,628,000 after acquiring an additional 112,667 shares in the last quarter. Institutional investors own 99.55% of the company’s stock.

HealthEquity Trading Up 0.3 %

Shares of HQY opened at $84.88 on Monday. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 77.87, a PEG 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 1-year low of $65.01 and a 1-year high of $115.59. The company has a 50-day moving average of $104.90 and a 200 day moving average of $95.76.

Analyst Upgrades and Downgrades

Several research firms have commented on HQY. Barrington Research reissued an “outperform” rating and set a $112.00 price objective on shares of HealthEquity in a report on Friday, March 14th. Royal Bank of Canada increased their price target on HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Raymond James lifted their price objective on HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Mizuho began coverage on HealthEquity in a research report on Wednesday, December 4th. They set an “outperform” rating and a $126.00 target price for the company. Finally, JMP Securities upped their price target on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.92.

Insider Activity

In other news, Director Robert W. Selander sold 5,750 shares of the 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 owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. This represents a 6.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

About HealthEquity

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.