DRW Securities LLC Decreases Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

DRW Securities LLC trimmed its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 85.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,358 shares of the company's stock after selling 50,557 shares during the quarter. DRW Securities LLC's holdings in Robinhood Markets were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Robinhood Markets during the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV lifted its position in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in Robinhood Markets during the fourth quarter worth about $37,000. Bogart Wealth LLC bought a new stake in Robinhood Markets in the 4th quarter worth about $37,000. Finally, Spire Wealth Management increased its stake in Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after buying an additional 549 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Up 1.0 %

Shares of HOOD traded up $0.42 during mid-day trading on Tuesday, reaching $44.56. 17,627,899 shares of the stock traded hands, compared to its average volume of 39,451,668. The company has a market cap of $39.46 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The firm has a fifty day moving average price of $46.25 and a 200 day moving average price of $39.76.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced 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 return on equity of 13.53% and a net margin of 47.81%. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JMP Securities reduced their target price on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC lowered their target price on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. boosted their target price on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley lowered shares of Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.06.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the sale, the insider now owns 706,642 shares in the company, valued at $36,462,727.20. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Baiju Bhatt sold 90,866 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.27, for a total transaction of $4,113,503.82. Following the transaction, the director now owns 5,042 shares in the company, valued at $228,251.34. The trade was a 94.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,651,987 shares of company stock valued at $132,806,233 over the last three months. 19.95% of the stock is owned by corporate insiders.

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.