5,839 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,839 shares of the company's stock, valued at approximately $218,000.

Several other large investors have also recently bought and sold shares of the stock. Natixis Advisors LLC grew its position in shares of Robinhood Markets by 44.0% during the 3rd quarter. Natixis Advisors LLC now owns 33,980 shares of the company's stock worth $796,000 after purchasing an additional 10,376 shares in the last quarter. Commerce Bank grew its stake in shares of Robinhood Markets by 3.3% during the third quarter. Commerce Bank now owns 13,245 shares of the company's stock worth $310,000 after buying an additional 423 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Robinhood Markets by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company's stock worth $107,298,000 after buying an additional 1,137,677 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Robinhood Markets during the third quarter worth $2,506,000. Finally, Cerity Partners LLC lifted its stake in shares of Robinhood Markets by 32.2% in the 3rd quarter. Cerity Partners LLC now owns 107,629 shares of the company's stock valued at $2,521,000 after acquiring an additional 26,245 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 value of $3,038,500.00. Following the sale, the insider now owns 706,642 shares in the company, valued at $42,942,634.34. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Baiju Bhatt sold 228,645 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $40.37, for a total transaction of $9,230,398.65. Following the completion of the sale, the director now owns 5,042 shares of the company's stock, valued at $203,545.54. This trade represents a 97.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,955,655 shares of company stock valued at $143,072,448. 19.95% of the stock is owned by company insiders.

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Robinhood Markets Price Performance

Shares of HOOD traded down $2.70 during mid-day trading on Friday, reaching $41.29. 30,858,805 shares of the company's stock traded hands, compared to its average volume of 21,747,452. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The stock's 50-day moving average is $49.29 and its two-hundred day moving average is $37.91. The stock has a market cap of $36.56 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HOOD shares. Cantor Fitzgerald started coverage on Robinhood Markets in a research note on Thursday, March 6th. They issued an "overweight" rating and a $69.00 price objective for the company. The Goldman Sachs Group upgraded shares of Robinhood Markets from a "neutral" rating to a "buy" rating and upped their price target for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Needham & Company LLC cut their price target on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Friday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 target price on shares of Robinhood Markets in a research report on Thursday. Finally, Barclays lifted their target price on Robinhood Markets from $54.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus target price of $60.82.

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.