Captrust Financial Advisors Purchases 26,904 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Captrust Financial Advisors boosted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 142.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 45,846 shares of the company's stock after acquiring an additional 26,904 shares during the period. Captrust Financial Advisors' holdings in Robinhood Markets were worth $1,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HOOD. Caxton Associates LP acquired a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $262,000. Baird Financial Group Inc. purchased a new stake in Robinhood Markets in the 4th quarter valued at about $305,000. Bamco Inc. NY acquired a new stake in shares of Robinhood Markets during the fourth quarter valued at about $298,000. Ameriprise Financial Inc. increased its holdings in Robinhood Markets by 5.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,381,719 shares of the company's stock valued at $51,483,000 after purchasing an additional 73,829 shares during the last quarter. Finally, AXA S.A. raised its holdings in shares of Robinhood Markets by 1,562.7% in the 4th quarter. AXA S.A. now owns 153,248 shares of the company's stock valued at $5,710,000 after buying an additional 144,031 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HOOD. JPMorgan Chase & Co. boosted their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Raymond James assumed coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating on the stock. Cantor Fitzgerald lowered their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Compass Point started coverage on Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective for the company. Finally, Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.41.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction on Monday, April 7th. The shares were sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the sale, the chief technology officer now owns 5,853 shares of the company's stock, valued at approximately $201,987.03. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Over the last three months, insiders have sold 1,840,014 shares of company stock worth $83,494,057. Corporate insiders own 14.47% of the company's stock.

Robinhood Markets Stock Performance

Shares of HOOD stock traded down $0.71 during trading hours on Thursday, hitting $60.68. The company had a trading volume of 36,700,634 shares, compared to its average volume of 26,360,195. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The firm's fifty day moving average is $44.26 and its 200 day moving average is $43.08. The firm has a market capitalization of $53.73 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.05 and a beta of 2.15.

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