From MarketBeat:

Hendershot Investments Inc. recently acquired a new stake in shares of Molina Healthcare, Inc. with 9,932 shares of the company’s stock valued at approximately $3,257,000. Other institutional investors have also made changes to their positions in MOH, elevating their stake in the company.

In insider activity, Director Steven J. Orlando sold 1,134 shares of Molina Healthcare stock in a transaction worth $369,638.64. Director Ronna Romney also sold 335 shares of Molina Healthcare stock in a transaction worth $119,930. This amounts to 1.10% of the stock owned by company insiders.

Shares of MOH stock opened at $361.31 on Monday. The stock has a market cap of $21.06 billion, a PE ratio of 22.53, and a beta of 0.49. Molina Healthcare last announced its quarterly earnings with $5.05 earnings per share, beating the consensus estimate of $4.87 by $0.18.

A number of analysts have commented on MOH shares. Stephens reaffirmed an “equal weight” rating and set a $350.00 price target on shares of Molina Healthcare. According to MarketBeat, Molina Healthcare has a consensus rating of “Moderate Buy” and an average target price of $356.18.

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs. It operates in four segments, Medicaid, Medicare, Marketplace, and Other, and serves across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.



Read more: Hendershot Investments Inc. Takes $3.26 Million Position in Molina Healthcare, Inc. (NYSE:MOH)