Lido Advisors LLC Reduces Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Lido Advisors LLC lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,187 shares of the company's stock after selling 6,733 shares during the quarter. Lido Advisors LLC's holdings in Robinhood Markets were worth $268,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. purchased a new stake in shares of Robinhood Markets in the third quarter valued at $6,321,000. GAMMA Investing LLC boosted its stake in shares of Robinhood Markets by 49.3% during the 4th quarter. GAMMA Investing LLC now owns 5,858 shares of the company's stock worth $218,000 after purchasing an additional 1,935 shares during the last quarter. Wedmont Private Capital purchased a new stake in shares of Robinhood Markets during the fourth quarter worth about $386,000. Friedenthal Financial purchased a new stake in shares of Robinhood Markets during the fourth quarter worth about $764,000. Finally, Pallas Capital Advisors LLC raised its position in shares of Robinhood Markets by 51.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 31,657 shares of the company's stock valued at $1,180,000 after buying an additional 10,727 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Insider Buying and Selling

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was 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 in the company, valued at $201,987.03. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 94,156 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $50.67, for a total value of $4,770,884.52. Following the completion of the transaction, the director now directly owns 7,863 shares in the company, valued at approximately $398,418.21. The trade was a 92.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,309,593 shares of company stock valued at $113,525,021. Corporate insiders own 19.95% of the company's stock.

Robinhood Markets Trading Up 1.6 %

NASDAQ:HOOD opened at $48.82 on Wednesday. The firm's fifty day simple moving average is $43.07 and its 200 day simple moving average is $41.96. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The firm has a market capitalization of $43.22 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.05 and a beta of 2.15.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on HOOD. JPMorgan Chase & Co. raised their target price on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Piper Sandler lifted 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. Deutsche Bank Aktiengesellschaft dropped their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley downgraded shares of Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.24.

Robinhood Markets Company 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.

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