Taikang Asset Management Hong Kong Co Ltd Sells 978 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Taikang Asset Management Hong Kong Co Ltd lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 978 shares of the company’s stock after selling 978 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Molina Healthcare were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Waldron Private Wealth LLC boosted its stake in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after acquiring an additional 33 shares in the last quarter. Angeles Investment Advisors LLC boosted its position in shares of Molina Healthcare by 5.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock worth $244,000 after purchasing an additional 43 shares in the last quarter. Bank of Hawaii grew its stake in shares of Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after buying an additional 54 shares during the last quarter. HighTower Advisors LLC raised its stake in Molina Healthcare by 2.1% during the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock valued at $906,000 after buying an additional 55 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Molina Healthcare by 38.5% in the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $60,000 after acquiring an additional 57 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Truist Financial decreased their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Mizuho reduced their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $355.69.

Molina Healthcare Price Performance

NYSE MOH opened at $313.05 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.12 billion, a P/E ratio of 15.32, a PEG ratio of 1.06 and a beta of 0.56. The company has a 50-day moving average price of $300.36 and a 200-day moving average price of $309.09. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Molina Healthcare Profile

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.