Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. trimmed its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 56.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,045 shares of the company’s stock after selling 7,905 shares during the period. Dana Investment Advisors Inc.’s holdings in Robinhood Markets were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Robinhood Markets by 2.5% in the 4th quarter. Arizona State Retirement System now owns 155,108 shares of the company’s stock worth $5,779,000 after acquiring an additional 3,722 shares during the period. Aigen Investment Management LP lifted its stake in shares of Robinhood Markets by 161.2% in the 4th quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock worth $3,199,000 after acquiring an additional 52,988 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $2,367,000. M&T Bank Corp lifted its stake in shares of Robinhood Markets by 7.2% in the 4th quarter. M&T Bank Corp now owns 30,379 shares of the company’s stock worth $1,132,000 after acquiring an additional 2,034 shares during the period. Finally, Cookson Peirce & Co. Inc. lifted its stake in shares of Robinhood Markets by 15.3% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 112,118 shares of the company’s stock worth $4,178,000 after acquiring an additional 14,876 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares in the company, valued at approximately $821,936.79. This represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Baiju Bhatt sold 186,514 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the completion of the sale, the director now owns 2,521 shares of the company’s stock, valued at $96,125.73. This trade represents a 98.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,171,641 shares of company stock worth $149,567,157. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $44.42 on Monday. The firm has a market capitalization of $39.33 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The company has a 50 day simple moving average of $49.03 and a 200-day simple moving average of $36.03. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HOOD. Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $46.00 in a report on Friday, December 6th. Barclays boosted their target price on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Morgan Stanley boosted their target price on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, KeyCorp boosted their target price on shares of Robinhood Markets from $57.00 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.13.

About Robinhood Markets

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.