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

Lido Advisors LLC decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HOOD. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets during the 4th quarter valued at about $26,000. Creative Financial Designs Inc. ADV boosted 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 purchasing an additional 750 shares during the period. Silicon Valley Capital Partners acquired a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $37,000. Bogart Wealth LLC purchased a new position in Robinhood Markets in the 4th quarter valued at approximately $37,000. Finally, Coppell Advisory Solutions LLC purchased a new position in Robinhood Markets in the 4th quarter valued at approximately $41,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded up $0.58 during trading on Friday, hitting $54.65. 44,231,692 shares of the company were exchanged, compared to its average volume of 26,094,314. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The company has a market cap of $48.39 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 1.05 and a beta of 2.15. The firm's fifty day moving average price is $43.38 and its 200 day moving average price is $42.50.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (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 business had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The business's revenue was up 50.0% on a year-over-year basis. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 522,180 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the completion of the sale, the director now directly owns 5,042 shares in the company, valued at $316,133.40. This represents a 99.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Insiders have sold 2,243,727 shares of company stock valued at $109,688,747 in the last ninety days. Insiders own 14.47% of the company's stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Raymond James began coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a "market perform" rating on the stock. Piper Sandler boosted their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. KeyCorp decreased their price target on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Citigroup dropped their price objective on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.24.

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.