HealthEquity, Inc. (NASDAQ:HQY) Stake Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of HealthEquity, Inc. (NASDAQ:HQY) by 7.9% during the fourth quarter, Holdings Channel reports. The firm owned 14,364 shares of the company’s stock after buying an additional 1,050 shares during the period. Sequoia Financial Advisors LLC’s holdings in HealthEquity were worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Arcadia Investment Management Corp MI bought a new position in HealthEquity during the 4th quarter worth $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of HealthEquity by 34.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock valued at $37,000 after acquiring an additional 98 shares during the period. Proficio Capital Partners LLC bought a new position in shares of HealthEquity during the fourth quarter worth about $39,000. UMB Bank n.a. increased its holdings in shares of HealthEquity by 65.6% in the 4th quarter. UMB Bank n.a. now owns 414 shares of the company’s stock worth $40,000 after acquiring an additional 164 shares during the period. Finally, Lindbrook Capital LLC lifted its position in HealthEquity by 27.6% in the 4th quarter. Lindbrook Capital LLC now owns 750 shares of the company’s stock valued at $72,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at HealthEquity

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

HealthEquity Stock Performance

NASDAQ:HQY opened at $97.41 on Friday. The company has a 50-day moving average of $105.68 and a 200-day moving average of $95.21. The firm has a market cap 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 current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.51. HealthEquity, Inc. has a twelve month low of $65.01 and a twelve month high of $115.59.

HealthEquity Company 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.