Robinhood Markets, Inc. (NASDAQ:HOOD) Stake Boosted by Signaturefd LLC

Signaturefd LLC increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 77.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,087 shares of the company’s stock after acquiring an additional 2,650 shares during the period. Signaturefd LLC’s holdings in Robinhood Markets were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HOOD. Creative Financial Designs Inc. ADV lifted its holdings in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the last quarter. Harbour Investments Inc. grew its position in Robinhood Markets by 81.9% in the fourth quarter. Harbour Investments Inc. now owns 2,676 shares of the company’s stock worth $100,000 after acquiring an additional 1,205 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Robinhood Markets during the 4th quarter valued at $314,000. Natixis Advisors LLC lifted its stake in shares of Robinhood Markets by 9.7% in the 4th quarter. Natixis Advisors LLC now owns 37,261 shares of the company’s stock valued at $1,388,000 after purchasing an additional 3,281 shares during the last quarter. Finally, Poinciana Advisors Group LLC bought a new stake in Robinhood Markets in the fourth quarter worth $212,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares of the company’s stock, valued at approximately $821,936.79. The trade was a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 522,180 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the completion of the sale, the director now owns 5,042 shares of the company’s stock, valued at approximately $316,133.40. This trade represents a 99.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,979,251 shares of company stock worth $142,232,560 over the last ninety days. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $44.36 on Friday. The business has a 50 day simple moving average of $49.04 and a 200 day simple moving average of $37.16. The company has a market capitalization of $39.28 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HOOD shares. JMP Securities boosted their price target on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 13th. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $46.00 in a report on Friday, December 6th. Piper Sandler increased their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley upped their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $61.29.

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.