Wealthfront Advisers LLC Purchases 12,075 Shares of Molina Healthcare, Inc $MOH

Wealthfront Advisers LLC grew its position in Molina Healthcare, Inc (NYSE:MOH) by 33.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,055 shares of the company’s stock after purchasing an additional 12,075 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.09% of Molina Healthcare worth $14,316,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in Molina Healthcare during the first quarter worth $29,000. Deseret Mutual Benefit Administrators boosted its stake in Molina Healthcare by 60.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Elequin Capital LP boosted its stake in Molina Healthcare by 170.6% during the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Molina Healthcare during the first quarter worth $34,000. Finally, Allworth Financial LP boosted its stake in Molina Healthcare by 52.0% during the first quarter. Allworth Financial LP now owns 228 shares of the company’s stock worth $72,000 after acquiring an additional 78 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho cut their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft set a $165.00 target price on shares of Molina Healthcare in a research note on Friday. Sanford C. Bernstein cut their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. JPMorgan Chase & Co. lowered their price objective on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Finally, TD Cowen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective on the stock. in a report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $203.64.

Molina Healthcare Stock Performance

MOH opened at $163.16 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $184.20 and its two-hundred day moving average price is $237.98. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $359.97. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 10.10 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the company posted $6.01 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Insider Activity

In other news, Director Ronna Romney sold 700 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the sale, the director owned 17,131 shares in the company, valued at $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO James Woys bought 10,000 shares of the stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $155.94 per share, with a total value of $1,559,400.00. Following the acquisition, the chief operating officer owned 74,331 shares of the company’s stock, valued at $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.26% of the company’s stock.

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.