Clarius Group LLC Purchases Shares of 8,094 Robinhood Markets, Inc. (NASDAQ:HOOD)

Clarius Group LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,094 shares of the company's stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. increased its position in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company's stock worth $28,000 after purchasing an additional 410 shares in the last quarter. Commerce Bank increased its position in 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 period. Signaturefd LLC lifted its stake in Robinhood Markets by 16.5% in the third quarter. Signaturefd LLC now owns 3,437 shares of the company's stock valued at $80,000 after buying an additional 487 shares during the last quarter. Castleview Partners LLC boosted its holdings in shares of Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company's stock valued at $89,000 after acquiring an additional 582 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Robinhood Markets by 3.1% in the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company's stock valued at $463,000 after acquiring an additional 598 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley boosted their price target on Robinhood Markets from $55.00 to $64.00 and gave the company an "overweight" rating in a research report on Friday. KeyCorp increased their price objective on Robinhood Markets from $30.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Citigroup boosted their target price on Robinhood Markets from $25.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Finally, JMP Securities increased their price target on Robinhood Markets from $33.00 to $40.00 and gave the stock a "market outperform" rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.07.

Robinhood Markets Price Performance

Robinhood Markets stock traded up $2.07 during mid-day trading on Monday, reaching $48.15. The company had a trading volume of 35,128,062 shares, compared to its average volume of 17,235,492. The stock's 50-day simple moving average is $38.63 and its 200-day simple moving average is $28.25. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $49.27. The company has a market capitalization of $42.56 billion, a P/E ratio of 81.61, a P/E/G ratio of 0.58 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business's revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, equities analysts forecast that Robinhood Markets, Inc. will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 250,000 shares of the business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $24.21, for a total value of $6,052,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Meyer Malka sold 1,535,681 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91. Following the completion of the sale, the director now owns 4,974,238 shares in the company, valued at $199,516,686.18. This represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,700,658 shares of company stock worth $140,360,682 in the last three months. Corporate insiders own 19.95% of the company's stock.

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.