Banco Bilbao Vizcaya Argentaria S.A. Increases Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Banco Bilbao Vizcaya Argentaria S.A. increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,453 shares of the company's stock after purchasing an additional 6,339 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Robinhood Markets were worth $891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets during the fourth quarter valued at $37,000. Bogart Wealth LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at $37,000. Finally, 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 valued at $40,000 after purchasing an additional 549 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 94,156 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $50.67, for a total transaction of $4,770,884.52. Following the sale, the director now owns 7,863 shares of the company's stock, valued at $398,418.21. This represents a 92.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,334,593 shares of company stock valued at $114,815,021 over the last 90 days. 19.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Compass Point initiated coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price target for the company. Needham & Company LLC cut their target price on shares of Robinhood Markets from $62.00 to $58.00 and set a "buy" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Barclays cut their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Morgan Stanley lowered shares of Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 target price for the company. in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $53.65.

Robinhood Markets Trading Down 2.9 %

Shares of NASDAQ:HOOD traded down $1.41 during midday trading on Thursday, reaching $47.70. 59,916,776 shares of the company were exchanged, compared to its average volume of 25,363,068. The business's fifty day moving average is $43.10 and its two-hundred day moving average is $41.27. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The stock has a market cap of $42.24 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Robinhood Markets's revenue was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.