Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 918.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,668 shares of the company’s stock after purchasing an additional 15,933 shares during the quarter. Global Retirement Partners LLC’s holdings in Robinhood Markets were worth $658,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at approximately $26,000. Silicon Valley Capital Partners purchased a new stake in Robinhood Markets during the 4th quarter valued at approximately $37,000. Bogart Wealth LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at approximately $37,000. Spire Wealth Management raised its stake in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after acquiring an additional 549 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Robinhood Markets by 130.7% during the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock valued at $42,000 after acquiring an additional 643 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

HOOD opened at $51.60 on Friday. The stock has a market cap of $45.61 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.05 and a beta of 2.13. The stock’s 50 day simple moving average is $47.42 and its 200 day simple moving average is $33.92. Robinhood Markets, Inc. has a 1-year low of $13.59 and a 1-year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping 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%. Research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup upped their price objective on Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $46.00 in a research note on Friday, December 6th. JMP Securities increased their target price on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their target price on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.53.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 19,861 shares of the firm’s stock in a transaction on Sunday, December 1st. The stock was sold at an average price of $37.54, for a total transaction of $745,581.94. Following the completion of the transaction, the insider now owns 395,166 shares of the company’s stock, valued at approximately $14,834,531.64. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Baiju Bhatt sold 522,180 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total value of $32,740,686.00. Following the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at $316,133.40. The trade was a 99.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,520,607 shares of company stock worth $200,784,430. 19.95% of the stock is owned by insiders.

Robinhood Markets Company 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.