Sheaff Brock Investment Advisors LLC Has $512,000 Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Sheaff Brock Investment Advisors LLC raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 13,750 shares of the company’s stock after buying an additional 1,435 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Robinhood Markets were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in HOOD. HM Payson & Co. lifted its holdings in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 410 shares in the last quarter. Commerce Bank lifted its holdings in shares of Robinhood Markets by 3.3% during the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock worth $310,000 after buying an additional 423 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after buying an additional 487 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after buying an additional 549 shares in the last quarter. Finally, Castleview Partners LLC lifted its holdings in shares of Robinhood Markets by 18.2% during the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock worth $89,000 after buying an additional 582 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Up 2.3 %

Shares of HOOD stock opened at $65.28 on Monday. The business’s 50-day moving average price is $45.45 and its 200-day moving average price is $32.60. Robinhood Markets, Inc. has a 12 month low of $13.04 and a 12 month high of $66.91. The firm has a market capitalization of $57.71 billion, a price-to-earnings ratio of 110.65, a PEG ratio of 0.73 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of research reports. JMP Securities lifted their target price on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday. Morgan Stanley raised their price target on Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Citigroup raised their price target on Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, KeyCorp raised their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.07.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the transaction, the insider now directly owns 706,642 shares of the company’s stock, valued at $36,462,727.20. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 186,514 shares of Robinhood Markets 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 transaction, the director now directly owns 2,521 shares in the company, valued at approximately $96,125.73. This represents a 98.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,948,427 shares of company stock valued at $165,005,244. 19.95% of the stock is currently owned by corporate insiders.

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.