International Assets Investment Management LLC Grows Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

International Assets Investment Management LLC raised its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 1,174.1% during the fourth quarter, HoldingsChannel reports. The firm owned 7,326 shares of the company’s stock after buying an additional 6,751 shares during the quarter. International Assets Investment Management LLC’s holdings in Robinhood Markets were worth $93,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Peoples Bank KS purchased a new stake in Robinhood Markets during the 3rd quarter valued at $29,000. UniSuper Management Pty Ltd bought a new position in Robinhood Markets during the third quarter valued at $30,000. Whittier Trust Co. raised its stake in shares of Robinhood Markets by 100.0% in the fourth quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock valued at $59,000 after acquiring an additional 2,317 shares during the period. CWM LLC lifted its holdings in shares of Robinhood Markets by 61.1% in the 3rd quarter. CWM LLC now owns 8,488 shares of the company’s stock worth $83,000 after acquiring an additional 3,219 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of Robinhood Markets during the 3rd quarter worth about $103,000. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $10.61, for a total transaction of $2,652,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the completion of the sale, the insider now directly owns 738,291 shares in the company, valued at $7,833,267.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $2,652,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,382,977 shares of company stock valued at $36,496,582. 20.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HOOD. KeyCorp increased their price objective on shares of Robinhood Markets from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. The Goldman Sachs Group raised their price target on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Barclays boosted their price objective on Robinhood Markets from $11.00 to $16.00 and gave the company an “underweight” rating in a report on Monday, April 8th. JPMorgan Chase & Co. increased their target price on Robinhood Markets from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 14th. Finally, Mizuho lifted their target price on Robinhood Markets from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.88.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $17.34 on Tuesday. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $20.55. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of -28.90 and a beta of 1.68. The firm’s 50-day moving average is $17.45 and its two-hundred day moving average is $13.02.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $471.00 million for the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period last year, the firm earned ($0.19) earnings per share. On average, equities analysts expect that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Robinhood Markets 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.