SG Americas Securities LLC Raises Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

SG Americas Securities LLC boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 58.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 95,368 shares of the company’s stock after acquiring an additional 35,250 shares during the period. SG Americas Securities LLC’s holdings in Robinhood Markets were worth $3,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Robinhood Markets by 601.1% during the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock valued at $164,000 after buying an additional 3,769 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Robinhood Markets by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock valued at $175,857,000 after purchasing an additional 138,267 shares during the period. Aigen Investment Management LP raised its holdings in shares of Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock valued at $3,199,000 after acquiring an additional 52,988 shares in the last quarter. Allegiance Financial Group Advisory Services LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $207,000. Finally, Fiduciary Alliance LLC purchased a new position in Robinhood Markets during the 1st quarter valued at about $2,177,000. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HOOD has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Compass Point initiated coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They set a “buy” rating and a $61.00 price target on the stock. Barclays lowered their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $81.00 to $82.00 and gave the company a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.17.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total transaction of $957,750.00. Following the completion of the sale, the insider now owns 822,825 shares of the company’s stock, valued at $31,522,425.75. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,650,974 shares of company stock worth $142,977,123. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $72.60 on Friday. The company has a market capitalization of $64.28 billion, a P/E ratio of 46.24, a P/E/G ratio of 1.05 and a beta of 2.25. The company’s 50-day simple moving average is $56.22 and its two-hundred day simple moving average is $48.65. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $77.80.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 EPS 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 company had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. Robinhood Markets’s revenue was up 50.0% on a year-over-year basis. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.