Wellington Management Group LLP Has $65.21 Million Stake in HealthEquity, Inc. (NASDAQ:HQY)

Wellington Management Group LLP lessened its position in HealthEquity, Inc. (NASDAQ:HQY) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 679,603 shares of the company’s stock after selling 10,836 shares during the period. Wellington Management Group LLP owned 0.78% of HealthEquity worth $65,208,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of HealthEquity by 165.7% during the third quarter. BNP Paribas Financial Markets now owns 20,437 shares of the company’s stock valued at $1,673,000 after acquiring an additional 12,745 shares during the last quarter. Centiva Capital LP bought a new position in HealthEquity during the 3rd quarter worth $366,000. Holocene Advisors LP acquired a new position in HealthEquity during the 3rd quarter worth about $1,246,000. Quarry LP grew its position in shares of HealthEquity by 418.8% in the 3rd quarter. Quarry LP now owns 1,349 shares of the company’s stock valued at $110,000 after buying an additional 1,089 shares during the last quarter. Finally, State Street Corp increased its stake in shares of HealthEquity by 0.8% in the third quarter. State Street Corp now owns 3,131,900 shares of the company’s stock valued at $256,346,000 after buying an additional 23,613 shares during the period. 99.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert W. Selander sold 5,750 shares of HealthEquity stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $111.29, for a total transaction of $639,917.50. Following the completion of the transaction, the director now directly owns 78,219 shares in the company, valued at $8,704,992.51. This trade represents a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. KeyCorp cut their price objective on HealthEquity from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Raymond James raised shares of HealthEquity from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $120.00 to $115.00 in a research note on Tuesday, March 25th. Wells Fargo & Company lifted 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. JMP Securities upped their price target on shares of HealthEquity from $105.00 to $107.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group lowered their price objective on HealthEquity from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $112.58.

HealthEquity Stock Performance

Shares of HealthEquity stock opened at $78.80 on Friday. The business has a 50-day simple moving average of $101.66 and a 200 day simple moving average of $96.21. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 72.29, a PEG ratio of 1.60 and a beta of 0.49. 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 one year low of $65.01 and a one year high of $115.59.

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.