Counterpoint Mutual Funds LLC Boosts Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Counterpoint Mutual Funds LLC grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 286.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,279 shares of the company's stock after buying an additional 26,893 shares during the period. Counterpoint Mutual Funds LLC's holdings in Robinhood Markets were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HOOD. Signaturefd LLC raised its stake in Robinhood Markets by 77.1% during the fourth quarter. Signaturefd LLC now owns 6,087 shares of the company's stock worth $227,000 after buying an additional 2,650 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares during the period. Harbour Investments Inc. raised its position in shares of Robinhood Markets by 81.9% in the 4th quarter. Harbour Investments Inc. now owns 2,676 shares of the company's stock worth $100,000 after acquiring an additional 1,205 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Robinhood Markets in the 4th quarter valued at about $314,000. Finally, Natixis Advisors LLC boosted its position in shares of Robinhood Markets by 9.7% during the 4th quarter. Natixis Advisors LLC now owns 37,261 shares of the company's stock valued at $1,388,000 after purchasing an additional 3,281 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

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Insider Activity at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares in the company, valued at approximately $821,936.79. This represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,985,127 shares of company stock worth $142,455,378. 19.95% of the stock is owned by company insiders.

Robinhood Markets Stock Performance

NASDAQ:HOOD traded up $1.68 on Wednesday, hitting $41.78. The stock had a trading volume of 25,162,177 shares, compared to its average volume of 20,668,112. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The firm's fifty day simple moving average is $48.86 and its two-hundred day simple moving average is $36.90. The stock has a market cap of $37.00 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating 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%. Equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Mizuho raised their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Morgan Stanley lifted their price target on shares of Robinhood Markets from $64.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Compass Point began coverage on shares of Robinhood Markets in a research report on Wednesday. They set a "buy" rating and a $61.00 price objective on the stock. Finally, Raymond James started coverage on Robinhood Markets in a research report on Wednesday, February 5th. They issued a "market perform" rating for the company. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.29.

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.