Cookson Peirce & Co. Inc. Buys 14,876 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Cookson Peirce & Co. Inc. increased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,118 shares of the company’s stock after acquiring an additional 14,876 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Robinhood Markets were worth $4,178,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HOOD. Victory Capital Management Inc. increased its stake in Robinhood Markets by 87.6% in the 4th quarter. Victory Capital Management Inc. now owns 220,160 shares of the company’s stock worth $8,203,000 after purchasing an additional 102,777 shares during the period. Keybank National Association OH grew its holdings in shares of Robinhood Markets by 23.1% in the fourth quarter. Keybank National Association OH now owns 23,309 shares of the company’s stock worth $868,000 after purchasing an additional 4,368 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Robinhood Markets by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock worth $175,857,000 after buying an additional 138,267 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Robinhood Markets by 43.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,028 shares of the company’s stock valued at $523,000 after buying an additional 4,228 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at $6,168,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $37.51, for a total transaction of $11,253,000.00. Following the sale, the insider now owns 806,955 shares in the company, valued at $30,268,882.05. This represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Meyer Malka sold 64,951 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $49.64, for a total transaction of $3,224,167.64. Following the completion of the transaction, the director now owns 3,235,585 shares of the company’s stock, valued at approximately $160,614,439.40. The trade was a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,140,788 shares of company stock valued at $148,067,678. 19.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HOOD. Barclays boosted their price objective on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. JMP Securities boosted their price target on Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a report on Thursday, February 13th. Needham & Company LLC increased their price objective on Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Citigroup lifted their price objective on Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned 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 target price of $59.53.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $46.22 on Wednesday. The stock has a market cap of $40.93 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The firm has a 50-day moving average of $48.67 and a 200 day moving average of $35.48.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Robinhood Markets 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.