Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 18.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,854 shares of the company’s stock after selling 5,993 shares during the quarter. Raymond James & Associates’ holdings in Robinhood Markets were worth $329,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Peoples Bank KS acquired a new stake in shares of Robinhood Markets in the 3rd quarter worth $29,000. UniSuper Management Pty Ltd acquired a new stake in shares of Robinhood Markets in the 3rd quarter worth $30,000. Whittier Trust Co. boosted its position in shares of Robinhood Markets by 100.0% in the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock worth $59,000 after purchasing an additional 2,317 shares in the last quarter. CWM LLC boosted its position in shares of Robinhood Markets by 61.1% in the 3rd quarter. CWM LLC now owns 8,488 shares of the company’s stock worth $83,000 after purchasing an additional 3,219 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the 3rd quarter worth $103,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $132,625.00. Following the completion of the transaction, the insider now owns 738,291 shares in the company, valued at approximately $7,833,267.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $10.61, for a total transaction of $132,625.00. Following the completion of the sale, the insider now directly owns 738,291 shares in the company, valued at approximately $7,833,267.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $12.00, for a total value of $60,000.00. Following the sale, the chief financial officer now owns 916,267 shares of the company’s stock, valued at $10,995,204. The disclosure for this sale can be found here. Insiders sold a total of 2,382,977 shares of company stock worth $36,496,582 in the last 90 days. Corporate insiders own 20.81% of the company’s stock.

Robinhood Markets Stock Up 4.4 %

Shares of Robinhood Markets stock opened at $17.88 on Monday. Robinhood Markets, Inc. has a twelve month low of $7.91 and a twelve month high of $20.55. The business has a 50-day moving average price of $17.38 and a 200 day moving average price of $12.97. The firm has a market cap of $15.64 billion, a PE ratio of -29.80 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $454.73 million. During the same quarter in the previous year, the business earned ($0.19) EPS. Robinhood Markets’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOOD. Keefe, Bruyette & Woods assumed coverage on Robinhood Markets in a research report on Wednesday, April 3rd. They issued a “market perform” rating and a $20.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. Piper Sandler lifted their price target on Robinhood Markets from $12.50 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Barclays lifted their price target on Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Finally, JMP Securities lifted their price target on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.88.

Robinhood Markets Profile

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.