Yousif Capital Management LLC Purchases New Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Yousif Capital Management LLC acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,615 shares of the company’s stock, valued at approximately $321,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank lifted its holdings in shares of Robinhood Markets by 31.1% during the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock worth $1,602,000 after purchasing an additional 16,219 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter worth $634,000. Atomi Financial Group Inc. boosted its holdings in shares of Robinhood Markets by 20.7% in the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock valued at $20,154,000 after acquiring an additional 92,613 shares in the last quarter. Requisite Capital Management LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $266,000. Finally, Baker Avenue Asset Management LP increased its stake in shares of Robinhood Markets by 77.9% during the third quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock worth $10,874,000 after acquiring an additional 203,354 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 90,866 shares of Robinhood Markets stock in a transaction on Friday, February 7th. The stock was sold at an average price of $55.34, for a total value of $5,028,524.44. Following the completion of the sale, the director now owns 5,042 shares of the company’s stock, valued at $279,024.28. The trade was a 94.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Meyer Malka sold 1,535,681 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the transaction, the director now owns 4,974,238 shares in the company, valued at $199,516,686.18. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,948,427 shares of company stock valued at $165,005,244 over the last quarter. Insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $65.28 on Tuesday. Robinhood Markets, Inc. has a 12 month low of $13.04 and a 12 month high of $66.91. The firm has a market capitalization of $57.71 billion, a PE ratio of 110.65, a P/E/G ratio of 0.73 and a beta of 2.13. The company’s 50 day simple moving average is $45.96 and its 200-day simple moving average is $32.92.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HOOD. Needham & Company LLC raised their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley upped their price objective on Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Sanford C. Bernstein increased their price objective on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.07.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.