United Advisor Group LLC Sells 44,506 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

United Advisor Group LLC lessened its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 77.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,814 shares of the company's stock after selling 44,506 shares during the quarter. United Advisor Group LLC's holdings in Robinhood Markets were worth $477,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HOOD. SG Americas Securities LLC raised its stake in shares of Robinhood Markets by 67.2% in the 4th quarter. SG Americas Securities LLC now owns 60,118 shares of the company's stock valued at $2,240,000 after purchasing an additional 24,161 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Robinhood Markets by 88.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,825 shares of the company's stock valued at $925,000 after purchasing an additional 11,650 shares during the period. DGS Capital Management LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at about $270,000. Requisite Capital Management LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at about $266,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at about $238,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Trading Up 4.5%

Shares of NASDAQ:HOOD traded up $2.85 during trading on Tuesday, reaching $66.02. 29,665,341 shares of the stock were exchanged, compared to its average volume of 26,524,839. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $67.10. The firm has a market cap of $58.46 billion, a PE ratio of 42.05, a PEG ratio of 1.05 and a beta of 2.15. The stock has a 50-day moving average price of $48.17 and a 200-day moving average price of $45.34.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HOOD. JMP Securities reissued a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a research note on Thursday, May 1st. Compass Point assumed coverage on Robinhood Markets in a research report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price on the stock. Citigroup lowered their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a research report on Thursday, March 27th. Finally, Barclays lowered their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.41.

Insider Transactions at Robinhood Markets

In related news, 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 value of $31,470,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $49.02, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 822,893 shares of the company's stock, valued at $40,338,214.86. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,192,688 shares of company stock valued at $107,043,646 in the last 90 days. 14.47% 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.