Yarbrough Capital LLC Takes $1.87 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Yarbrough Capital LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 45,000 shares of the company's stock, valued at approximately $1,873,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HOOD. Spire Wealth Management grew its position in shares of Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after acquiring an additional 549 shares during the period. Yousif Capital Management LLC bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $321,000. Choreo LLC bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $288,000. Bleakley Financial Group LLC bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $277,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $101,000. Institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HOOD shares. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. 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 note on Monday, April 7th. Morgan Stanley raised their target price on shares of Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Citigroup cut their target price on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, KeyCorp cut their target price on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and an average target price of $55.41.

Robinhood Markets Stock Up 3.3%

Shares of Robinhood Markets stock opened at $74.88 on Friday. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $77.80. The company has a 50-day simple moving average of $52.58 and a two-hundred day simple moving average of $47.46. The stock has a market capitalization of $66.30 billion, a price-to-earnings ratio of 47.69, a price-to-earnings-growth ratio of 1.05 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued 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 business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same quarter last year, the firm earned $0.18 EPS. Robinhood Markets's revenue for the quarter was up 50.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $43.36, for a total transaction of $253,786.08. Following the completion of the transaction, the chief technology officer now owns 11,706 shares of the company's stock, valued at $507,572.16. The trade was a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,226,771 shares of company stock worth $111,467,774 in the last quarter. 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.

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