6,051 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,051 shares of the company's stock, valued at approximately $225,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of Robinhood Markets by 31.1% in the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company's stock valued at $1,602,000 after purchasing an additional 16,219 shares during the period. IFP Advisors Inc grew its stake in Robinhood Markets by 601.1% in the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock valued at $164,000 after buying an additional 3,769 shares during the last quarter. Everence Capital Management Inc. bought a new position in Robinhood Markets in the 4th quarter valued at about $634,000. Charles Schwab Investment Management Inc. lifted its position in Robinhood Markets by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock worth $175,857,000 after acquiring an additional 138,267 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its position in Robinhood Markets by 20.7% during the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock worth $20,154,000 after acquiring an additional 92,613 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Up 1.3 %

Shares of NASDAQ:HOOD traded up $0.54 during midday trading on Tuesday, reaching $42.16. 42,755,354 shares of the company traded hands, compared to its average volume of 22,001,163. The firm's fifty day moving average price is $48.88 and its two-hundred day moving average price is $38.60. The firm has a market capitalization of $37.33 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results 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 net margin of 47.81% and a return on equity of 13.53%. Analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Baiju Bhatt sold 47,023 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $46.37, for a total transaction of $2,180,456.51. Following the transaction, the director now owns 5,042 shares of the company's stock, valued at approximately $233,797.54. This trade represents a 90.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.45, for a total transaction of $4,045,000.00. Following the completion of the sale, the insider now directly owns 731,642 shares of the company's stock, valued at $29,594,918.90. This represents a 12.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,955,655 shares of company stock worth $143,072,448 in the last quarter. 19.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HOOD shares. Citigroup increased their target price on Robinhood Markets from $45.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Compass Point started coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of Robinhood Markets in a research note on Thursday, March 6th. They issued an "overweight" rating and a $69.00 price target on the stock. Finally, Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus price target of $60.82.

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.