Robinhood Markets, Inc. (NASDAQ:HOOD) Stake Lowered by Annex Advisory Services LLC

Annex Advisory Services LLC decreased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 582,869 shares of the company’s stock after selling 50,816 shares during the period. Annex Advisory Services LLC owned 0.07% of Robinhood Markets worth $21,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Robinhood Markets by 1,211,858.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock valued at $89,410,000 after acquiring an additional 3,817,355 shares during the period. Azora Capital LP bought a new stake in Robinhood Markets in the 3rd quarter valued at about $79,780,000. FMR LLC boosted its stake in Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock valued at $330,914,000 after purchasing an additional 3,368,118 shares during the period. Assenagon Asset Management S.A. grew its position in Robinhood Markets by 486.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock worth $103,906,000 after purchasing an additional 2,313,213 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Robinhood Markets by 19.5% in the third quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock valued at $271,708,000 after purchasing an additional 1,895,427 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 90,866 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total transaction of $4,113,503.82. Following the completion of the sale, the director now owns 5,042 shares in the company, valued at $228,251.34. The trade was a 94.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction dated 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. Insiders sold a total of 3,700,658 shares of company stock worth $140,360,682 over the last quarter. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Up 4.5 %

HOOD stock opened at $48.15 on Monday. The company has a market capitalization of $42.56 billion, a price-to-earnings ratio of 81.61, a P/E/G ratio of 0.58 and a beta of 2.07. The firm has a 50 day moving average of $38.63 and a two-hundred day moving average of $28.25. Robinhood Markets, Inc. has a 12 month low of $10.38 and a 12 month high of $49.27.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on HOOD shares. JMP Securities boosted their price objective on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $20.00 to $43.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price target for the company from $40.00 to $46.00 in a report on Friday, December 6th. Sanford C. Bernstein upped their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Citigroup raised their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.07.

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.