Plato Investment Management Ltd Boosts Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Plato Investment Management Ltd boosted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 238.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,672 shares of the company’s stock after acquiring an additional 12,454 shares during the period. Plato Investment Management Ltd’s holdings in Robinhood Markets were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Robinhood Markets during the fourth quarter valued at approximately $1,374,000. Jones Financial Companies Lllp lifted its position in Robinhood Markets by 1,631.5% during the fourth quarter. Jones Financial Companies Lllp now owns 3,463 shares of the company’s stock valued at $129,000 after acquiring an additional 3,263 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Robinhood Markets by 157.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,697 shares of the company’s stock valued at $103,000 after acquiring an additional 1,649 shares during the last quarter. Pathway Capital Management LP purchased a new stake in Robinhood Markets during the fourth quarter valued at approximately $8,104,000. Finally, Metis Global Partners LLC purchased a new stake in Robinhood Markets during the fourth quarter valued at approximately $276,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the firm’s stock in a transaction 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 approximately $30,268,882.05. This trade represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,140,788 shares of company stock worth $148,067,678. 19.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HOOD shares. Needham & Company LLC raised their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Raymond James started coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a “market perform” rating for the company. Sanford C. Bernstein raised their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. JMP Securities raised their price target on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday, February 13th. Finally, KeyCorp raised their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $59.53.

Robinhood Markets Price Performance

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

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS 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.