11,322 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Northside Capital Management LLC

Northside Capital Management LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,322 shares of the company’s stock, valued at approximately $422,000.

Several other hedge funds have also recently modified their holdings of HOOD. HM Payson & Co. raised its position in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares during the period. Commerce Bank raised its holdings in shares of Robinhood Markets by 3.3% in the 3rd quarter. Commerce Bank now owns 13,245 shares of the company’s stock worth $310,000 after purchasing an additional 423 shares during the period. Signaturefd LLC lifted its stake in Robinhood Markets by 16.5% in the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock valued at $80,000 after purchasing an additional 487 shares during the last quarter. Castleview Partners LLC grew its holdings in Robinhood Markets by 18.2% during the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after purchasing an additional 582 shares during the period. Finally, Axxcess Wealth Management LLC increased its position in Robinhood Markets by 3.1% in the third quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock worth $463,000 after buying an additional 598 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upped their price target on Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. upgraded shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $43.00 in a research report on Tuesday, January 7th. Sanford C. Bernstein boosted their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. KeyCorp raised their price objective on shares of Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Citigroup boosted their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.47.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $24.21, for a total transaction of $6,052,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven M. Quirk sold 19,861 shares of the business’s stock in a transaction that occurred on Sunday, December 1st. The stock was sold at an average price of $37.54, for a total value of $745,581.94. Following the completion of the sale, the insider now owns 395,166 shares of the company’s stock, valued at $14,834,531.64. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,609,792 shares of company stock worth $136,247,178 over the last 90 days. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD opened at $45.56 on Thursday. Robinhood Markets, Inc. has a 1-year low of $10.38 and a 1-year high of $46.22. The company has a market capitalization of $40.27 billion, a P/E ratio of 77.22, a P/E/G ratio of 0.58 and a beta of 2.07. The firm’s 50 day simple moving average is $37.63 and its 200 day simple moving average is $27.75.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. During the same quarter last year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 0.91 earnings per share for the current 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.