Corebridge Financial Inc. Sells 6,650 Shares of HealthEquity, Inc. (NASDAQ:HQY)

Corebridge Financial Inc. lowered its position in HealthEquity, Inc. (NASDAQ:HQY) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,865 shares of the company’s stock after selling 6,650 shares during the quarter. Corebridge Financial Inc.’s holdings in HealthEquity were worth $13,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of HealthEquity during the fourth quarter worth $26,000. Smartleaf Asset Management LLC raised its position in shares of HealthEquity by 34.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $37,000 after acquiring an additional 98 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of HealthEquity in the 4th quarter valued at about $39,000. UMB Bank n.a. boosted its position in shares of HealthEquity by 65.6% during the 4th quarter. UMB Bank n.a. now owns 414 shares of the company’s stock valued at $40,000 after purchasing an additional 164 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in HealthEquity by 1,934.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 468 shares of the company’s stock worth $45,000 after purchasing an additional 445 shares during the period. Institutional investors own 99.55% of the company’s stock.

HealthEquity Stock Performance

NASDAQ HQY opened at $90.19 on Wednesday. The company has a fifty day moving average price of $104.40 and a 200-day moving average price of $95.94. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 82.74, 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HQY. Barrington Research restated an “outperform” rating and set a $112.00 price target on shares of HealthEquity in a report on Friday, March 14th. Wells Fargo & Company increased their target price on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. KeyCorp decreased their price target on shares of HealthEquity from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. Raymond James raised shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and cut their price objective for the stock from $120.00 to $115.00 in a research report on Tuesday. Finally, Mizuho began coverage on HealthEquity in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price for the company. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, HealthEquity currently has a consensus rating of “Buy” and a consensus target price of $113.31.

Insiders Place Their Bets

In other HealthEquity news, Director Robert W. Selander sold 5,750 shares of the business’s 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 owns 78,219 shares of the company’s stock, valued at approximately $8,704,992.51. The trade was a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

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.