6,380 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,380 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds have also modified their holdings of the company. Requisite Capital Management LLC purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $266,000. DGS Capital Management LLC acquired a new position in Robinhood Markets during the fourth quarter valued at $270,000. Exchange Traded Concepts LLC boosted its holdings in Robinhood Markets by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 149,741 shares of the company’s stock valued at $5,579,000 after purchasing an additional 1,132 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Robinhood Markets by 88.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,825 shares of the company’s stock worth $925,000 after purchasing an additional 11,650 shares during the period. Finally, SG Americas Securities LLC grew its position in Robinhood Markets by 67.2% during the 4th quarter. SG Americas Securities LLC now owns 60,118 shares of the company’s stock worth $2,240,000 after purchasing an additional 24,161 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 3.5 %

Shares of NASDAQ HOOD opened at $51.15 on Thursday. The firm has a 50-day simple moving average of $41.22 and a 200-day simple moving average of $29.74. The stock has a market capitalization of $45.22 billion, a price-to-earnings ratio of 86.70, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07. Robinhood Markets, Inc. has a 52 week low of $10.51 and a 52 week high of $52.06.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS 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 analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of recent research reports. JMP Securities upped their target price on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $46.00 in a report on Friday, December 6th. KeyCorp lifted their price objective on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.07.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 108,964 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the completion of the sale, the director now owns 2,521 shares in the company, valued at $62,823.32. This trade represents a 97.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was 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 90 days, insiders sold 4,297,400 shares of company stock valued at $170,630,852. 19.95% of the stock is currently owned by insiders.

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.