Annex Advisory Services LLC Lowers Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Annex Advisory Services LLC decreased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 582,869 shares of the company's stock after selling 50,816 shares during the quarter. Annex Advisory Services LLC owned approximately 0.07% of Robinhood Markets worth $21,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HOOD. HM Payson & Co. boosted its position in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company's stock valued at $28,000 after purchasing an additional 410 shares in the last quarter. Commerce Bank boosted its position in Robinhood Markets by 3.3% during the third quarter. Commerce Bank now owns 13,245 shares of the company's stock valued at $310,000 after purchasing an additional 423 shares in the last quarter. Signaturefd LLC boosted its position in Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company's stock valued at $80,000 after purchasing an additional 487 shares in the last quarter. Castleview Partners LLC boosted its position in Robinhood Markets by 18.2% during the third 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 boosted its position in Robinhood Markets by 3.1% during the third 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 in the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Price Performance

NASDAQ HOOD traded up $2.07 during mid-day trading on Monday, hitting $48.15. The stock had a trading volume of 35,128,062 shares, compared to its average volume of 17,235,492. The firm's 50 day moving average is $38.63 and its 200 day moving average is $28.25. Robinhood Markets, Inc. has a twelve month low of $10.38 and a twelve month high of $49.27. The stock has a market capitalization of $42.56 billion, a price-to-earnings ratio of 81.61, a PEG ratio of 0.58 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 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 firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The firm's revenue for the quarter was up 36.4% compared to the same quarter last year. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 0.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HOOD. Needham & Company LLC reaffirmed a "buy" rating and set a $52.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and increased their price target for the company from $40.00 to $46.00 in a research note on Friday, December 6th. JPMorgan Chase & Co. raised Robinhood Markets from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $20.00 to $43.00 in a report on Tuesday, January 7th. KeyCorp boosted their price target on Robinhood Markets from $30.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Finally, Barclays boosted their price target on Robinhood Markets from $49.00 to $54.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average target price of $43.07.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 108,964 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total value of $2,715,382.88. Following the completion of the sale, the director now directly owns 2,521 shares in the company, valued at $62,823.32. This represents a 97.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00. The disclosure for this sale can be found here. Insiders sold a total of 3,700,658 shares of company stock worth $140,360,682 in the last three months. 19.95% of the stock is owned by corporate insiders.

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.