Hsbc Holdings PLC Purchases 68,448 Shares of Molina Healthcare, Inc $MOH

Hsbc Holdings PLC grew its position in shares of Molina Healthcare, Inc (NYSE:MOH) by 54.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,104 shares of the company’s stock after buying an additional 68,448 shares during the period. Hsbc Holdings PLC’s holdings in Molina Healthcare were worth $33,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MOH. Baird Financial Group Inc. purchased a new stake in Molina Healthcare in the 1st quarter worth about $210,000. NewEdge Advisors LLC lifted its holdings in Molina Healthcare by 33.4% during the first quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock valued at $364,000 after purchasing an additional 277 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Molina Healthcare by 713.3% during the first quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock valued at $544,000 after purchasing an additional 1,448 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Molina Healthcare by 19.4% during the first quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock worth $82,172,000 after purchasing an additional 40,531 shares during the period. Finally, Woodline Partners LP bought a new position in Molina Healthcare during the first quarter worth about $1,541,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MOH. Bank of America upgraded shares of Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, April 29th. UBS Group raised their price objective on shares of Molina Healthcare from $180.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Mizuho set a $215.00 price objective on shares of Molina Healthcare in a research note on Monday, June 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Molina Healthcare in a report on Friday, March 13th. Finally, Truist Financial boosted their target price on shares of Molina Healthcare from $180.00 to $205.00 and gave the company a “hold” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $184.81.

Molina Healthcare Stock Down 1.0%

MOH stock opened at $227.49 on Tuesday. The stock has a 50-day simple moving average of $195.46 and a two-hundred day simple moving average of $171.20. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $242.50. The firm has a market capitalization of $11.85 billion, a PE ratio of 67.30 and a beta of 0.74. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.97.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.78. Molina Healthcare had a net margin of 0.42% and a return on equity of 8.76%. The firm had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.91 billion. During the same period in the prior year, the firm posted $6.08 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. On average, equities analysts predict that Molina Healthcare, Inc will post 5.23 EPS for the current fiscal year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 600 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the transaction, the chief accounting officer directly owned 12,815 shares of the company’s stock, valued at $2,454,713.25. This trade represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff D. Barlow sold 17,811 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the completion of the transaction, the insider directly owned 67,175 shares of the company’s stock, valued at approximately $12,502,611. The trade was a 20.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.44% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.