6,694 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,694 shares of the company's stock, valued at approximately $249,000.

A number of other hedge funds have also added to or reduced their stakes in HOOD. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets during the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV increased its position in shares of Robinhood Markets by 750.0% during the 4th 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 during the last quarter. Silicon Valley Capital Partners bought a new stake in shares of Robinhood Markets during the 4th quarter worth $37,000. Bogart Wealth LLC purchased a new position in shares of Robinhood Markets in the 4th quarter worth about $37,000. Finally, Spire Wealth Management grew its position in Robinhood Markets by 104.6% during the fourth 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 period. Institutional investors and hedge funds own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In related news, Director Baiju Bhatt sold 223,072 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $41.24, for a total value of $9,199,489.28. Following the sale, the director now owns 7,863 shares in the company, valued at $324,270.12. This represents a 96.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Insiders have sold 2,784,193 shares of company stock valued at $137,892,219 in the last three months. 19.95% of the stock is currently owned by company insiders.

Robinhood Markets Trading Up 1.3 %

Robinhood Markets stock traded up $0.52 during trading hours on Friday, hitting $41.18. 23,885,589 shares of the stock traded hands, compared to its average volume of 24,248,918. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The firm's 50-day moving average price is $45.22 and its two-hundred day moving average price is $40.05. The company has a market cap of $36.46 billion, a PE ratio of 26.23, a PEG ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley cut shares of Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 target price on the stock. in a research note on Tuesday, April 8th. Mizuho raised their target price on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Finally, Barclays dropped their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.06.

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.