Centaurus Financial Inc. Cuts Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Centaurus Financial Inc. lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,107 shares of the company’s stock after selling 337 shares during the quarter. Centaurus Financial Inc.’s holdings in Robinhood Markets were worth $339,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. MetLife Investment Management LLC increased its stake in Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company’s stock worth $440,000 after buying an additional 171 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Robinhood Markets by 2.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company’s stock worth $368,000 after buying an additional 233 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Robinhood Markets by 7.8% in the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company’s stock worth $142,000 after buying an additional 277 shares in the last quarter. Spire Wealth Management increased its stake in Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after buying an additional 549 shares in the last quarter. Finally, CoreCap Advisors LLC increased its stake in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 1.3%

Shares of NASDAQ:HOOD opened at $64.78 on Friday. The company has a market cap of $57.36 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $67.13. The company has a 50-day moving average price of $49.68 and a 200 day moving average price of $46.05.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HOOD shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. Raymond James started coverage on Robinhood Markets in a research note on Wednesday, February 5th. They issued a “market perform” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 price target on shares of Robinhood Markets in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Finally, Morgan Stanley raised their price objective on Robinhood Markets from $40.00 to $43.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.41.

Insiders Place Their Bets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the sale, the chief technology officer now owns 17,559 shares of the company’s stock, valued at $821,936.79. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $49.02, for a total transaction of $1,225,500.00. Following the completion of the sale, the insider now directly owns 822,893 shares of the company’s stock, valued at approximately $40,338,214.86. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,127,737 shares of company stock valued at $103,819,478 over the last 90 days. Insiders own 14.47% of the company’s stock.

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.