FORA Capital LLC Purchases 118,601 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

FORA Capital LLC lifted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 67.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 293,764 shares of the company's stock after buying an additional 118,601 shares during the period. Robinhood Markets comprises approximately 1.3% of FORA Capital LLC's holdings, making the stock its 11th largest holding. FORA Capital LLC's holdings in Robinhood Markets were worth $10,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HOOD. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets during the 4th quarter valued at $26,000. CoreCap Advisors LLC grew its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after buying an additional 750 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at $34,000. Finally, Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets in the fourth quarter valued at about $37,000. Institutional investors own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In other Robinhood Markets 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 directly owns 7,863 shares of the company's stock, valued at approximately $398,418.21. This represents a 92.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of Robinhood Markets stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $60.77, for a total transaction of $3,038,500.00. Following the completion of the transaction, the insider now directly owns 706,642 shares of the company's stock, valued at approximately $42,942,634.34. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,243,727 shares of company stock worth $109,688,747 in the last three months. Insiders own 19.95% of the company's stock.

Analyst Ratings Changes

HOOD has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Piper Sandler increased their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, Barclays dropped their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.24.

Robinhood Markets Price Performance

NASDAQ:HOOD traded up $0.58 during trading hours on Friday, reaching $54.65. 44,231,692 shares of the stock were exchanged, compared to its average volume of 26,087,802. The stock has a market cap of $48.39 billion, a PE ratio of 34.81, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The firm has a 50 day moving average of $43.38 and a 200 day moving average of $42.39.

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