Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 164.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 48,754 shares of the company’s stock after acquiring an additional 30,319 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Robinhood Markets were worth $1,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets during the 4th quarter valued at about $26,000. Creative Financial Designs Inc. ADV increased its stake in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after acquiring an additional 750 shares during the period. Silicon Valley Capital Partners bought a new stake in Robinhood Markets during the fourth quarter worth approximately $37,000. Bogart Wealth LLC acquired a new stake in Robinhood Markets in the fourth quarter worth approximately $37,000. Finally, Spire Wealth Management boosted 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 purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research reports. JMP Securities boosted their price objective 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. Piper Sandler upped their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Morgan Stanley raised their target price on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped 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. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.24.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 47,023 shares of Robinhood Markets stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $46.37, for a total value of $2,180,456.51. Following the completion of the sale, the director now directly owns 5,042 shares in the company, valued at $233,797.54. The trade was a 90.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,627,010 shares of company stock valued at $131,897,049. Insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $34.51 on Friday. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The company has a 50 day simple moving average of $48.15 and a 200-day simple moving average of $38.71. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results 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 net margin of 47.81% and a return on equity of 13.53%. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.