Paragon Capital Management Ltd Sells 22,325 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Paragon Capital Management Ltd lowered its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 71.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,129 shares of the company’s stock after selling 22,325 shares during the period. Paragon Capital Management Ltd’s holdings in Robinhood Markets were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HOOD. HM Payson & Co. boosted its position in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the period. Eastern Bank purchased a new stake in Robinhood Markets during the 3rd quarter valued at $30,000. True Wealth Design LLC purchased a new stake in Robinhood Markets during the 3rd quarter valued at $30,000. ORG Wealth Partners LLC purchased a new stake in Robinhood Markets during the 3rd quarter valued at $33,000. Finally, Connective Portfolio Management LLC purchased a new stake in Robinhood Markets during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HOOD shares. JMP Securities raised their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. Sanford C. Bernstein increased their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.47.

Insider Activity

In related news, Director Meyer Malka sold 1,535,681 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91. Following the sale, the director now owns 4,974,238 shares in the company, valued at approximately $199,516,686.18. The trade was a 23.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 108,964 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was 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 represents a 97.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,609,792 shares of company stock worth $136,247,178 over the last quarter. Insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $45.56 on Thursday. The stock has a market cap of $40.27 billion, a P/E ratio of 77.22, a PEG ratio of 0.58 and a beta of 2.07. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $46.22. The firm’s 50 day moving average price is $37.63 and its 200-day moving average price is $27.75.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. As a group, equities analysts expect that Robinhood Markets, Inc. will post 0.91 EPS 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.