Oak Thistle LLC Makes New $797,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Oak Thistle LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 21,383 shares of the company's stock, valued at approximately $797,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. HM Payson & Co. raised its stake in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company's stock worth $28,000 after buying an additional 410 shares during the period. Commerce Bank increased its holdings in shares of Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company's stock worth $310,000 after acquiring an additional 423 shares in the last quarter. Signaturefd LLC raised its position in shares of Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company's stock worth $80,000 after purchasing an additional 487 shares during the period. Castleview Partners LLC lifted its holdings in shares of Robinhood Markets by 18.2% during the 3rd quarter. Castleview Partners LLC now owns 3,788 shares of the company's stock valued at $89,000 after purchasing an additional 582 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position 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 purchasing an additional 598 shares during the period. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 108,964 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the completion of the transaction, the director now directly owns 2,521 shares in the company, valued at approximately $62,823.32. This represents a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,609,792 shares of company stock valued at $136,247,178 in the last quarter. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Stock Up 1.1 %

Shares of HOOD stock traded up $0.52 on Thursday, reaching $46.08. The stock had a trading volume of 18,474,386 shares, compared to its average volume of 20,202,715. Robinhood Markets, Inc. has a 12 month low of $10.38 and a 12 month high of $46.85. The firm has a market capitalization of $40.73 billion, a price-to-earnings ratio of 78.10, a P/E/G ratio of 0.58 and a beta of 2.07. The firm's 50-day moving average is $37.95 and its two-hundred day moving average is $27.87.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released 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). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. During the same quarter in the prior year, the company earned ($0.09) EPS. Robinhood Markets's quarterly revenue was up 36.4% on a year-over-year basis. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Robinhood Markets from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group raised shares of Robinhood Markets from a "neutral" rating to a "buy" rating and upped their target price for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Citigroup lifted their price target on Robinhood Markets from $25.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Sanford C. Bernstein lifted their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.47.

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.