Molina Healthcare, Inc (NYSE:MOH) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 29,107 shares of the company's stock after selling 909 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Molina Healthcare worth $9,588,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock valued at $766,111,000 after purchasing an additional 181,073 shares during the last quarter. FMR LLC increased its holdings in shares of Molina Healthcare by 31.1% in the fourth quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after purchasing an additional 427,276 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company's stock valued at $417,144,000 after purchasing an additional 34,992 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after purchasing an additional 294,180 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Molina Healthcare by 15.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company's stock valued at $200,307,000 after purchasing an additional 91,229 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Analyst Ratings Changes

MOH has been the topic of several research reports. Truist Financial upped their price objective on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a report on Friday, April 11th. Baird R W cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wall Street Zen raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Morgan Stanley began coverage on shares of Molina Healthcare in a research report on Monday, June 9th. They set an "overweight" rating and a $364.00 price objective for the company. Finally, Robert W. Baird reissued a "neutral" rating and issued a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $364.21.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the transaction, the director now owns 11,244 shares of the company's stock, valued at $3,603,702. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the sale, the chief executive officer now directly owns 257,715 shares of the company's stock, valued at approximately $82,484,262.90. This represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH traded up $5.49 during trading on Friday, hitting $296.55. 640,870 shares of the company's stock were exchanged, compared to its average volume of 691,745. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. Molina Healthcare, Inc has a 52-week low of $262.32 and a 52-week high of $365.23. The business's 50-day simple moving average is $308.03 and its 200 day simple moving average is $306.63. The company has a market cap of $16.07 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.99 and a beta of 0.56.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping analysts' consensus estimates of $5.96 by $0.12. The firm had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.73 EPS. As a group, equities analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current year.

About Molina Healthcare

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.