Captrust Financial Advisors Purchases 26,904 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Captrust Financial Advisors lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 142.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 45,846 shares of the company’s stock after buying an additional 26,904 shares during the quarter. Captrust Financial Advisors’ holdings in Robinhood Markets were worth $1,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company’s stock worth $1,499,248,000 after purchasing an additional 26,107,934 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Robinhood Markets by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company’s stock valued at $455,464,000 after acquiring an additional 555,299 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Robinhood Markets by 34.4% in the fourth quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company’s stock valued at $450,031,000 after acquiring an additional 3,091,514 shares during the last quarter. Norges Bank bought a new stake in Robinhood Markets in the fourth quarter valued at approximately $329,598,000. Finally, GQG Partners LLC bought a new stake in Robinhood Markets in the fourth quarter valued at approximately $302,325,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on HOOD. Citigroup reduced their target price on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. JMP Securities reiterated a “market outperform” rating and issued a $70.00 target price on shares of Robinhood Markets in a report on Thursday, May 1st. Cantor Fitzgerald reduced their target price on Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Barclays reduced their target price on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.41.

Insider Transactions at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the transaction, the chief technology officer now directly owns 5,853 shares of the company’s stock, valued at $201,987.03. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were 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 2,362,194 shares of company stock valued at $116,234,743 over the last ninety days. 14.47% of the stock is owned by company insiders.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $62.57 on Wednesday. The stock has a market capitalization of $55.40 billion, a price-to-earnings ratio of 39.85, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91. The stock’s 50 day moving average price is $43.92 and its two-hundred day moving average price is $42.96.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same period in the previous year, the company earned $0.18 earnings per share. Robinhood Markets’s revenue for the quarter was up 50.0% compared to the same quarter last year. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.