Yeomans Consulting Group Inc. Sells 10,302 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Yeomans Consulting Group Inc. decreased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,116 shares of the company’s stock after selling 10,302 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in Robinhood Markets were worth $340,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. raised its holdings in shares of Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares in the last quarter. Eastern Bank bought a new stake in Robinhood Markets in the third quarter worth $30,000. True Wealth Design LLC purchased a new stake in Robinhood Markets during the third quarter valued at $30,000. ORG Wealth Partners LLC bought a new position in Robinhood Markets during the third quarter valued at $33,000. Finally, Connective Portfolio Management LLC purchased a new position in shares of Robinhood Markets in the 3rd quarter worth $47,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 19,861 shares of the stock in a transaction on Sunday, December 1st. The stock was sold at an average price of $37.54, for a total transaction of $745,581.94. Following the sale, the insider now owns 395,166 shares of the company’s stock, valued at approximately $14,834,531.64. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,700,658 shares of company stock worth $140,360,682. Corporate insiders own 19.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Sanford C. Bernstein raised their price objective on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Citigroup boosted their target price on Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Finally, Barclays boosted their price objective on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

Robinhood Markets Trading Up 0.4 %

Shares of HOOD stock opened at $50.36 on Friday. Robinhood Markets, Inc. has a twelve month low of $10.51 and a twelve month high of $51.09. The stock has a fifty day simple moving average of $40.01 and a two-hundred day simple moving average of $28.92. The stock has a market capitalization of $44.52 billion, a price-to-earnings ratio of 85.36, a P/E/G ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm’s revenue was up 36.4% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. Research analysts predict that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal 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.