Robinhood Markets, Inc. (NASDAQ:HOOD) Stock Position Raised by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 44.0% in the 3rd quarter, Holdings Channel reports. The fund owned 33,980 shares of the company’s stock after buying an additional 10,376 shares during the period. Natixis Advisors LLC’s holdings in Robinhood Markets were worth $796,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HOOD. O Shaughnessy Asset Management LLC acquired a new position in Robinhood Markets in the 1st quarter valued at approximately $206,000. Price T Rowe Associates Inc. MD increased its stake in Robinhood Markets by 169.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,991,586 shares of the company’s stock valued at $40,092,000 after buying an additional 1,251,495 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in Robinhood Markets in the 1st quarter valued at approximately $988,000. Cetera Advisors LLC acquired a new position in Robinhood Markets in the 1st quarter valued at approximately $606,000. Finally, EULAV Asset Management increased its stake in Robinhood Markets by 4.5% in the 1st quarter. EULAV Asset Management now owns 700,000 shares of the company’s stock valued at $14,091,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 3.4 %

NASDAQ HOOD opened at $37.65 on Thursday. The company has a fifty day simple moving average of $27.55 and a 200 day simple moving average of $23.29. The company has a market cap of $33.28 billion, a P/E ratio of 64.27, a P/E/G ratio of 0.88 and a beta of 1.84. Robinhood Markets, Inc. has a 1 year low of $8.35 and a 1 year high of $39.74.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. Robinhood Markets’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. Equities research analysts forecast that Robinhood Markets, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HOOD. JMP Securities upped their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 12th. Bank of America upped their price objective on shares of Robinhood Markets from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Morgan Stanley upgraded shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $24.00 to $55.00 in a research note on Monday. Finally, KeyCorp increased their price target on shares of Robinhood Markets from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.59.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total value of $241,625.00. Following the sale, the insider now directly owns 1,045,068 shares in the company, valued at $20,201,164.44. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 139,916 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $19.55, for a total transaction of $2,735,357.80. The disclosure for this sale can be found here. Insiders sold a total of 4,685,549 shares of company stock valued at $114,953,194 in the last ninety days. Company insiders own 19.95% 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.