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

Sanctuary Advisors LLC purchased a new stake in shares of HealthEquity, Inc. (NASDAQ:HQY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,176 shares of the company’s stock, valued at approximately $260,000.

Other large investors have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in shares of HealthEquity during the 3rd quarter valued at about $472,000. Geode Capital Management LLC grew its position in shares of HealthEquity by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,078,977 shares of the company’s stock valued at $170,197,000 after acquiring an additional 15,145 shares during the period. M&T Bank Corp increased its stake in shares of HealthEquity by 0.7% in the 3rd quarter. M&T Bank Corp now owns 49,447 shares of the company’s stock worth $4,047,000 after purchasing an additional 321 shares in the last quarter. Barclays PLC grew its holdings in HealthEquity by 209.3% during the third quarter. Barclays PLC now owns 166,492 shares of the company’s stock valued at $13,628,000 after purchasing an additional 112,667 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in HealthEquity by 5.6% in the third quarter. Public Employees Retirement System of Ohio now owns 91,754 shares of the company’s stock worth $7,510,000 after buying an additional 4,878 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Insider Activity at HealthEquity

In other HealthEquity news, Director Robert W. Selander sold 8,250 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $101.56, for a total transaction of $837,870.00. Following the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $2,418,000.00. Following the completion of the transaction, the director now owns 19,061 shares of the company’s stock, valued at approximately $1,843,579.92. This trade represents a 56.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,786 shares of company stock valued at $4,140,387. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HQY shares. Bank of America boosted their price objective on HealthEquity from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. JMP Securities increased their price objective on shares of HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Barrington Research raised their price objective on shares of HealthEquity from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. BTIG Research upped their target price on shares of HealthEquity from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on HealthEquity from $102.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.71.

HealthEquity Stock Performance

NASDAQ HQY opened at $96.30 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 4.10. HealthEquity, Inc. has a 1-year low of $65.01 and a 1-year high of $105.82. The business has a 50 day simple moving average of $95.99 and a two-hundred day simple moving average of $85.03. The stock has a market capitalization of $8.35 billion, a PE ratio of 88.35, a P/E/G ratio of 1.10 and a beta of 0.55.

About HealthEquity

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.