International Assets Investment Management LLC Acquires 6,751 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

International Assets Investment Management LLC lifted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 1,174.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,326 shares of the company’s stock after purchasing an additional 6,751 shares during the quarter. International Assets Investment Management LLC’s holdings in Robinhood Markets were worth $93,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HOOD. Arizona State Retirement System grew its stake in Robinhood Markets by 1.9% in the 4th quarter. Arizona State Retirement System now owns 118,538 shares of the company’s stock worth $1,510,000 after buying an additional 2,172 shares in the last quarter. Oak Thistle LLC raised its position in Robinhood Markets by 131.6% during the fourth quarter. Oak Thistle LLC now owns 105,295 shares of the company’s stock valued at $1,341,000 after purchasing an additional 59,834 shares in the last quarter. ARK Investment Management LLC lifted its stake in Robinhood Markets by 6.4% during the fourth quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after purchasing an additional 2,101,325 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Robinhood Markets by 6.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 23,591 shares of the company’s stock worth $301,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Robinhood Markets by 23.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,587 shares of the company’s stock valued at $262,000 after purchasing an additional 3,940 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of recent research reports. Barclays boosted their target price on Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, March 19th. Citigroup lowered Robinhood Markets from a “neutral” rating to a “sell” rating and boosted their target price for the company from $13.00 to $16.00 in a research note on Thursday, April 11th. Finally, KeyCorp raised their price target on Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.88.

Robinhood Markets Trading Down 3.0 %

Shares of Robinhood Markets stock opened at $17.34 on Tuesday. The company’s fifty day simple moving average is $17.45 and its two-hundred day simple moving average is $13.02. The company has a market cap of $15.16 billion, a P/E ratio of -28.90 and a beta of 1.68. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. During the same period last year, the company posted ($0.19) EPS. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. Analysts predict that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jason Warnick sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $19.59, for a total value of $97,950.00. Following the completion of the transaction, the chief financial officer now owns 1,002,407 shares of the company’s stock, valued at approximately $19,637,153.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $19.59, for a total value of $97,950.00. Following the sale, the chief financial officer now directly owns 1,002,407 shares of the company’s stock, valued at $19,637,153.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 500,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.12, for a total value of $7,560,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,382,977 shares of company stock worth $36,496,582. Company insiders own 20.81% of the company’s stock.

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.