HighPoint Advisor Group LLC Sells 869 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

HighPoint Advisor Group LLC reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,238 shares of the company’s stock after selling 869 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Robinhood Markets were worth $1,350,000 at the end of the most recent quarter.

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

Robinhood Markets Stock Down 0.7 %

NASDAQ:HOOD opened at $41.62 on Tuesday. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The stock has a market cap of $36.85 billion, a P/E ratio of 26.51, a PEG ratio of 1.05 and a beta of 2.14. The business’s 50-day moving average price is $49.03 and its two-hundred day moving average price is $38.46.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on HOOD shares. Mizuho lifted their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JMP Securities lifted their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 13th. Citigroup upped their price target on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays lifted their price objective on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Compass Point began coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 target price on the stock. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.82.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 123,272 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.80, for a total value of $6,878,577.60. Following the completion of the sale, the insider now owns 298,826 shares of the company’s stock, valued at approximately $16,674,490.80. This represents a 29.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated 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. In the last ninety days, insiders sold 2,955,655 shares of company stock valued at $143,072,448. Insiders own 19.95% of the company’s stock.

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.