Wells Fargo & Company MN Sells 21,651 Shares of Oscar Health, Inc. (NYSE:OSCR)

Wells Fargo & Company MN lessened its holdings in shares of Oscar Health, Inc. (NYSE:OSCR) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,012 shares of the company’s stock after selling 21,651 shares during the period. Wells Fargo & Company MN owned 0.05% of Oscar Health worth $1,707,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. KBC Group NV grew its holdings in Oscar Health by 56.1% in the fourth quarter. KBC Group NV now owns 7,107 shares of the company’s stock worth $96,000 after purchasing an additional 2,555 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Oscar Health in the 4th quarter worth approximately $100,000. Alberta Investment Management Corp purchased a new stake in shares of Oscar Health in the 4th quarter worth approximately $138,000. Virtu Financial LLC bought a new position in Oscar Health during the 4th quarter valued at approximately $140,000. Finally, Potentia Wealth purchased a new position in Oscar Health during the fourth quarter valued at $141,000. 75.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company downgraded shares of Oscar Health from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $20.00 to $16.00 in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.21.

Oscar Health Stock Performance

OSCR stock opened at $12.25 on Friday. The stock’s fifty day moving average price is $13.56 and its 200-day moving average price is $14.82. The company has a market cap of $3.07 billion, a P/E ratio of -612.19 and a beta of 1.75. Oscar Health, Inc. has a 1 year low of $11.20 and a 1 year high of $23.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73.

Oscar Health (NYSE:OSCR) last announced its earnings results on Tuesday, February 4th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. On average, equities analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current year.

Oscar Health Profile

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.