Quantbot Technologies LP Raises Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Quantbot Technologies LP boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,664 shares of the company’s stock after purchasing an additional 18,097 shares during the quarter. Quantbot Technologies LP’s holdings in Robinhood Markets were worth $10,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter worth $26,000. True Wealth Design LLC purchased a new position in Robinhood Markets during the third quarter worth about $30,000. Creative Financial Designs Inc. ADV increased its stake in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after acquiring an additional 750 shares during the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at about $37,000. Finally, Bogart Wealth LLC bought a new stake in shares of Robinhood Markets during the 4th quarter valued at about $37,000. 93.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the sale, the chief technology officer now directly owns 17,559 shares of the company’s stock, valued at $821,936.79. The trade was a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,985,127 shares of company stock worth $142,455,378 in the last three months. 19.95% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC increased 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. Keefe, Bruyette & Woods raised their price target on Robinhood Markets from $38.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. JMP Securities boosted their target price 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. Cantor Fitzgerald assumed coverage on shares of Robinhood Markets in a research report on Thursday, March 6th. They set an “overweight” rating and a $69.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.31.

Robinhood Markets Stock Down 7.5 %

Shares of HOOD opened at $36.02 on Friday. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The stock has a market cap of $31.89 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 1.05 and a beta of 2.14. The business has a 50-day simple moving average of $48.93 and a two-hundred day simple moving average of $36.26.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share 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%. On average, equities analysts anticipate 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.