Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Trivest Advisors Ltd

Trivest Advisors Ltd increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 145.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,525,400 shares of the company’s stock after buying an additional 904,400 shares during the quarter. Robinhood Markets comprises approximately 2.6% of Trivest Advisors Ltd’s portfolio, making the stock its 13th largest position. Trivest Advisors Ltd’s holdings in Robinhood Markets were worth $56,836,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its position in shares of Robinhood Markets by 31.1% during the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock worth $1,602,000 after purchasing an additional 16,219 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Robinhood Markets by 601.1% in the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock valued at $164,000 after acquiring an additional 3,769 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Robinhood Markets in the 4th quarter valued at about $634,000. Charles Schwab Investment Management Inc. grew its holdings in Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock worth $175,857,000 after acquiring an additional 138,267 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Robinhood Markets by 20.7% in the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock valued at $20,154,000 after buying an additional 92,613 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Trading Down 4.6 %

Shares of HOOD opened at $40.10 on Wednesday. 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 $35.51 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The stock’s 50-day moving average price is $48.86 and its two-hundred day moving average price is $36.90.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping 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 forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction 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 Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the sale, the chief technology officer now directly owns 11,752 shares in the company, valued at approximately $445,635.84. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,985,127 shares of company stock valued at $142,455,378. Insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HOOD shares. Morgan Stanley raised their price objective on Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. KeyCorp upped their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Citigroup increased their target price on shares of Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Piper Sandler raised their price target on Robinhood Markets from $54.00 to $75.00 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 twelve have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.31.

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.