Sequoia Financial Advisors LLC Has $490,000 Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Sequoia Financial Advisors LLC increased its position in Molina Healthcare, Inc. (NYSE:MOH) by 31.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,357 shares of the company’s stock after buying an additional 324 shares during the period. Sequoia Financial Advisors LLC’s holdings in Molina Healthcare were worth $490,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Molina Healthcare in the 3rd quarter valued at about $30,000. Coppell Advisory Solutions Corp. bought a new position in Molina Healthcare in the 4th quarter valued at about $34,000. VisionPoint Advisory Group LLC lifted its position in Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after acquiring an additional 57 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Molina Healthcare in the 1st quarter valued at about $40,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. Barclays began coverage on shares of Molina Healthcare in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 target price on the stock. Truist Financial lifted their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. UBS Group lifted their target price on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Finally, Wells Fargo & Company reduced their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $393.09.

Insider Activity

In other news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the sale, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock worth $6,472,517 over the last 90 days. 1.11% of the stock is currently owned by insiders.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $357.41 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $20.94 billion, a PE ratio of 19.03, a P/E/G ratio of 1.06 and a beta of 0.47. The firm has a fifty day simple moving average of $395.21 and a two-hundred day simple moving average of $370.85. Molina Healthcare, Inc. has a twelve month low of $266.35 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 earnings per share. Research analysts expect that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.