Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 43.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,028 shares of the company’s stock after purchasing an additional 4,228 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Robinhood Markets were worth $523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings in Robinhood Markets by 31.1% in the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock valued at $1,602,000 after purchasing an additional 16,219 shares in the last quarter. IFP Advisors Inc lifted its holdings in Robinhood Markets by 601.1% in the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock valued at $164,000 after purchasing an additional 3,769 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Robinhood Markets in the 4th quarter valued at $634,000. Atomi Financial Group Inc. lifted its holdings in Robinhood Markets by 20.7% in the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock valued at $20,154,000 after purchasing an additional 92,613 shares in the last quarter. Finally, Requisite Capital Management LLC purchased a new position in Robinhood Markets in the 4th quarter valued at $266,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the sale, the chief technology officer now owns 17,559 shares in the company, valued at approximately $821,936.79. The trade was a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total value of $11,253,000.00. Following the sale, the insider now owns 806,955 shares of the company’s stock, valued at $30,268,882.05. This trade represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,985,127 shares of company stock worth $142,455,378. 19.95% of the stock is owned by insiders.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $38.92 on Thursday. The business has a 50-day simple moving average of $49.00 and a 200-day simple moving average of $36.26. The company has a market cap of $34.46 billion, a PE ratio of 24.79, a P/E/G ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Raymond James assumed coverage on Robinhood Markets in a report on Wednesday, February 5th. They set a “market perform” rating on the stock. Piper Sandler raised their price objective on Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. KeyCorp raised their price objective on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Citigroup raised their price objective on Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Mizuho raised their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.31.

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.