Natixis Advisors LLC Buys 3,281 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Natixis Advisors LLC boosted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,261 shares of the company’s stock after purchasing an additional 3,281 shares during the period. Natixis Advisors LLC’s holdings in Robinhood Markets were worth $1,388,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Commerce Bank lifted its position in shares of Robinhood Markets by 3.3% during the 3rd quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after buying an additional 423 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Robinhood Markets by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company’s stock worth $107,298,000 after acquiring an additional 1,137,677 shares during the period. Eagle Asset Management Inc. purchased a new position in Robinhood Markets during the third quarter valued at approximately $2,506,000. Cerity Partners LLC boosted its position in shares of Robinhood Markets by 32.2% in the third quarter. Cerity Partners LLC now owns 107,629 shares of the company’s stock worth $2,521,000 after purchasing an additional 26,245 shares during the period. Finally, Penserra Capital Management LLC increased its stake in shares of Robinhood Markets by 5,688.7% in the third quarter. Penserra Capital Management LLC now owns 133,546 shares of the company’s stock worth $3,126,000 after purchasing an additional 131,239 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $42.64, for a total value of $250,552.64. Following the sale, the chief technology officer now directly owns 5,876 shares in the company, valued at approximately $250,552.64. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,908,632 shares of company stock worth $140,891,991. Company insiders own 19.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Mizuho upped their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. KeyCorp lifted their target price on Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Cantor Fitzgerald assumed coverage on Robinhood Markets in a research note on Thursday, March 6th. They issued an “overweight” rating and a $69.00 price target for the company. Finally, Citigroup lifted their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and an average price target of $61.29.

Robinhood Markets Trading Down 0.4 %

Shares of NASDAQ:HOOD opened at $48.15 on Wednesday. The company has a market cap of $42.63 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The company has a 50-day moving average price of $49.35 and a 200 day moving average price of $37.82.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.