Azora Capital LP Trims Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Azora Capital LP lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 83.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 548,147 shares of the company's stock after selling 2,858,334 shares during the quarter. Azora Capital LP owned about 0.06% of Robinhood Markets worth $20,424,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Robinhood Markets during the 3rd quarter valued at approximately $351,000. Franklin Resources Inc. bought a new stake in Robinhood Markets in the third quarter worth $6,321,000. GAMMA Investing LLC raised its stake in Robinhood Markets by 49.3% during the fourth quarter. GAMMA Investing LLC now owns 5,858 shares of the company's stock valued at $218,000 after purchasing an additional 1,935 shares in the last quarter. Everence Capital Management Inc. bought a new position in Robinhood Markets during the fourth quarter valued at $634,000. Finally, Wedmont Private Capital purchased a new position in shares of Robinhood Markets in the 4th quarter worth $386,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $55.34, for a total value of $5,028,524.44. Following the completion of the transaction, the director now owns 5,042 shares of the company's stock, valued at approximately $279,024.28. This trade represents a 94.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,309,593 shares of company stock valued at $113,525,021. 19.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on HOOD shares. JMP Securities reaffirmed a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a report on Thursday, May 1st. Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Piper Sandler lifted their price objective 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. Finally, Compass Point assumed coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price target on the stock. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.24.

Robinhood Markets Trading Up 1.6 %

Shares of HOOD traded up $0.77 during mid-day trading on Tuesday, hitting $48.82. The company's stock had a trading volume of 30,484,432 shares, compared to its average volume of 25,904,644. The company's 50-day moving average is $43.07 and its 200-day moving average is $41.91. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week 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 announced its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period last year, the business posted $0.18 EPS. The firm's revenue was up 50.0% compared to the same quarter last year. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.