Empowered Funds LLC Buys 25,030 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Empowered Funds LLC grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 279.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,985 shares of the company's stock after buying an additional 25,030 shares during the period. Empowered Funds LLC's holdings in Robinhood Markets were worth $1,266,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HOOD. Toronto Dominion Bank raised its holdings in Robinhood Markets by 31.1% in the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company's stock valued at $1,602,000 after acquiring an additional 16,219 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $634,000. Atomi Financial Group Inc. grew its stake in shares of Robinhood Markets by 20.7% in the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after purchasing an additional 92,613 shares during the period. Requisite Capital Management LLC bought a new stake in Robinhood Markets during the 4th quarter worth approximately $266,000. Finally, Baker Avenue Asset Management LP grew its position in Robinhood Markets by 77.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company's stock worth $10,874,000 after acquiring an additional 203,354 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded down $3.17 during midday trading on Thursday, reaching $56.06. The company's stock had a trading volume of 36,163,462 shares, compared to its average volume of 25,292,684. Robinhood Markets, Inc. has a fifty-two week low of $13.39 and a fifty-two week high of $66.91. The business's 50 day moving average price is $46.85 and its two-hundred day moving average price is $33.40. The company has a market cap of $49.56 billion, a P/E ratio of 35.71, a P/E/G ratio of 1.13 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.96%. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Meyer Malka sold 1,535,681 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 522,180 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the transaction, the director now owns 5,042 shares of the company's stock, valued at approximately $316,133.40. The trade was a 99.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,470,607 shares of company stock valued at $197,745,930. 19.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup increased their price objective on Robinhood Markets from $45.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price target on Robinhood Markets from $38.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday. Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday. Raymond James initiated coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating on the stock. Finally, KeyCorp increased their target price on Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.53.

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.