Sanctuary Advisors LLC Makes New $260,000 Investment in HealthEquity, Inc. (NASDAQ:HQY)

Sanctuary Advisors LLC bought a new stake in shares of HealthEquity, Inc. (NASDAQ:HQY) in the 3rd quarter, Holdings Channel reports. The firm bought 3,176 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds have also recently modified their holdings of HQY. Wasatch Advisors LP lifted its stake in shares of HealthEquity by 6.6% during the 3rd quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock worth $635,065,000 after acquiring an additional 483,269 shares during the last quarter. State Street Corp lifted its position in shares of HealthEquity by 0.8% during the third quarter. State Street Corp now owns 3,131,900 shares of the company’s stock worth $256,346,000 after purchasing an additional 23,613 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of HealthEquity by 1.9% during the second quarter. Clearbridge Investments LLC now owns 2,377,204 shares of the company’s stock valued at $204,915,000 after purchasing an additional 43,491 shares during the period. Mackenzie Financial Corp grew its holdings in shares of HealthEquity by 16.0% in the second quarter. Mackenzie Financial Corp now owns 2,364,521 shares of the company’s stock worth $203,822,000 after purchasing an additional 325,906 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in HealthEquity by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,078,977 shares of the company’s stock worth $170,197,000 after buying an additional 15,145 shares during the period. Institutional investors own 99.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Bank of America boosted their price target on HealthEquity from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JMP Securities raised 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 began coverage on HealthEquity in a report on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price for the company. Finally, The Goldman Sachs Group started coverage on HealthEquity in a research report on Friday, November 15th. They set a “neutral” rating and a $108.00 price target on the stock. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, HealthEquity has a consensus rating of “Moderate Buy” and an average price target of $110.71.

Insider Activity at HealthEquity

In other news, Director Robert W. Selander sold 8,250 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $101.56, for a total transaction of $837,870.00. Following the transaction, the director now owns 66,469 shares in the company, valued at $6,750,591.64. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stuart B. Parker sold 25,000 shares of HealthEquity stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $96.72, for a total transaction of $2,418,000.00. Following the completion of the sale, the director now owns 19,061 shares of the company’s stock, valued at $1,843,579.92. This trade represents a 56.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,786 shares of company stock valued at $4,140,387 over the last 90 days. Insiders own 2.20% of the company’s stock.

HealthEquity Stock Down 1.1 %

NASDAQ:HQY opened at $96.30 on Friday. The company’s 50-day simple moving average is $95.99 and its 200-day simple moving average is $85.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 3.20. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $105.82. The stock has a market capitalization of $8.35 billion, a P/E ratio of 88.35, a P/E/G ratio of 1.10 and a beta of 0.55.

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.