Gator Capital Management LLC Decreases Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Gator Capital Management LLC cut its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 664,300 shares of the company’s stock after selling 12,500 shares during the period. Robinhood Markets comprises approximately 9.3% of Gator Capital Management LLC’s investment portfolio, making the stock its biggest position. Gator Capital Management LLC’s holdings in Robinhood Markets were worth $24,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets during the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV increased its stake in shares of Robinhood Markets by 750.0% in the 4th 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 in the last quarter. Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets during the 4th quarter worth about $37,000. Bogart Wealth LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $37,000. Finally, Spire Wealth Management grew its position in Robinhood Markets by 104.6% in 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 during the period. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HOOD. JMP Securities lifted their price target on Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday, February 13th. Wolfe Research downgraded shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. KeyCorp increased their target price on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Raymond James initiated coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating on the stock. Finally, Piper Sandler upped their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.24.

Robinhood Markets Trading Down 9.8 %

Robinhood Markets stock opened at $34.51 on Friday. The business’s 50 day simple moving average is $48.15 and its 200 day simple moving average is $38.82. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 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 research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $42.64, for a total value of $250,552.64. Following the completion of the transaction, the chief technology officer now directly owns 5,876 shares in the company, valued at approximately $250,552.64. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,627,010 shares of company stock valued at $131,897,049 over the last three months. 19.95% of the stock is currently owned by insiders.

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.