Loomis Sayles & Co. L P Makes New Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Loomis Sayles & Co. L P acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,019 shares of the company’s stock, valued at approximately $75,000.

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

Insiders Place Their Bets

In other Robinhood Markets news, Director Baiju Bhatt sold 47,023 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $46.37, for a total transaction of $2,180,456.51. Following the completion of the transaction, the director now directly owns 5,042 shares in the company, valued at approximately $233,797.54. This represents a 90.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the 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 90 days, insiders have sold 2,955,655 shares of company stock worth $143,072,448. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $41.92 on Monday. The company has a market capitalization of $37.12 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The company’s fifty day moving average price is $49.16 and its 200 day moving average price is $38.32. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 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%. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho upped their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Citigroup boosted their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. JMP Securities lifted 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. Cantor Fitzgerald started coverage on Robinhood Markets in a research note on Thursday, March 6th. They set an “overweight” rating and a $69.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 price objective on shares of Robinhood Markets in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.82.

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.