Mount Yale Investment Advisors LLC Makes New $238,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Mount Yale Investment Advisors LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,380 shares of the company's stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HOOD. Requisite Capital Management LLC acquired a new position in Robinhood Markets during the 4th quarter worth about $266,000. DGS Capital Management LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $270,000. Exchange Traded Concepts LLC increased its holdings in shares of Robinhood Markets by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 149,741 shares of the company's stock valued at $5,579,000 after acquiring an additional 1,132 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Robinhood Markets by 88.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,825 shares of the company's stock valued at $925,000 after acquiring an additional 11,650 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Robinhood Markets by 67.2% during the 4th quarter. SG Americas Securities LLC now owns 60,118 shares of the company's stock worth $2,240,000 after acquiring an additional 24,161 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Baiju Bhatt sold 108,964 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total value of $2,715,382.88. Following the sale, the director now owns 2,521 shares in the company, valued at $62,823.32. This represents a 97.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total value of $25,385,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,297,400 shares of company stock worth $170,630,852. Company insiders own 19.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an "overweight" rating in a report on Monday, December 2nd. The Goldman Sachs Group upgraded shares of Robinhood Markets from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. KeyCorp raised their price objective on Robinhood Markets from $50.00 to $57.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Sanford C. Bernstein boosted their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Three 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.com, Robinhood Markets presently has an average rating of "Moderate Buy" and an average price target of $43.73.

Robinhood Markets Stock Performance

HOOD traded up $1.85 during trading on Thursday, hitting $53.00. The stock had a trading volume of 16,745,584 shares, compared to its average volume of 21,462,271. Robinhood Markets, Inc. has a twelve month low of $10.51 and a twelve month high of $53.51. The firm has a market capitalization of $46.85 billion, a P/E ratio of 89.83, a PEG ratio of 0.67 and a beta of 2.07. The company's 50-day moving average price is $41.22 and its 200 day moving average price is $29.74.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm had revenue of $637.00 million for the quarter, compared to analysts' expectations of $660.53 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The company's revenue for the quarter was up 36.4% on a year-over-year basis. As a group, equities analysts expect that Robinhood Markets, Inc. will post 0.97 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.