Sanctuary Advisors LLC Has $2.44 Million Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Sanctuary Advisors LLC lifted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,500 shares of the company’s stock after acquiring an additional 2,284 shares during the quarter. Sanctuary Advisors LLC’s holdings in Robinhood Markets were worth $2,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Robinhood Markets by 170.7% in the fourth quarter. Principal Financial Group Inc. now owns 116,732 shares of the company’s stock valued at $4,349,000 after acquiring an additional 73,607 shares during the last quarter. Capital Performance Advisors LLP increased its position in shares of Robinhood Markets by 224.3% in the fourth quarter. Capital Performance Advisors LLP now owns 7,086 shares of the company’s stock valued at $264,000 after acquiring an additional 4,901 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Robinhood Markets by 11.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 13,750 shares of the company’s stock valued at $512,000 after acquiring an additional 1,435 shares during the last quarter. Allworth Financial LP increased its position in shares of Robinhood Markets by 130.7% in the fourth quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock valued at $42,000 after acquiring an additional 643 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of Robinhood Markets by 255.9% in the fourth quarter. Principal Securities Inc. now owns 7,966 shares of the company’s stock valued at $297,000 after acquiring an additional 5,728 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 186,514 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total value of $7,111,778.82. Following the completion of the sale, the director now directly owns 2,521 shares in the company, valued at approximately $96,125.73. The trade was a 98.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $38.22, for a total transaction of $477,750.00. Following the transaction, the insider now owns 1,106,955 shares of the company’s stock, valued at approximately $42,307,820.10. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,520,607 shares of company stock worth $200,784,430. Company insiders own 19.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Raymond James assumed coverage on Robinhood Markets in a report on Wednesday, February 5th. They set a “market perform” rating for the company. Piper Sandler lifted 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. Sanford C. Bernstein lifted their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley lifted their price target on Robinhood Markets from $64.00 to $90.00 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 given a buy rating to the company. According to MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average price target of $59.53.

Robinhood Markets Trading Down 8.0 %

Shares of HOOD stock opened at $51.60 on Friday. The stock has a market cap of $45.61 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13. The stock has a 50 day simple moving average of $47.42 and a 200 day simple moving average of $33.92. Robinhood Markets, Inc. has a 1 year low of $13.59 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly 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 return on equity of 13.53% and a net margin of 47.81%. Analysts forecast 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.