Sequoia Financial Advisors LLC Takes $226,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Sequoia Financial Advisors LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,056 shares of the company's stock, valued at approximately $226,000.

A number of other large investors have also recently modified their holdings of HOOD. Azora Capital LP bought a new stake in Robinhood Markets during the third quarter worth about $79,780,000. FMR LLC lifted its position in Robinhood Markets by 31.3% in the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company's stock worth $330,914,000 after buying an additional 3,368,118 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Robinhood Markets in the fourth quarter worth approximately $90,869,000. Assenagon Asset Management S.A. raised its stake in shares of Robinhood Markets by 486.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company's stock worth $103,906,000 after acquiring an additional 2,313,213 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Robinhood Markets during the fourth quarter worth approximately $71,318,000. Institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HOOD shares. KeyCorp increased their target price on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Barclays boosted their target price on Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Compass Point initiated coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.29.

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Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 522,180 shares of Robinhood Markets stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the transaction, the director now owns 5,042 shares in the company, valued at $316,133.40. This trade represents a 99.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,679,251 shares of company stock worth $130,979,560. 19.95% of the stock is owned by insiders.

Robinhood Markets Stock Performance

Shares of HOOD traded up $4.00 during trading hours on Monday, hitting $48.36. The company had a trading volume of 50,545,927 shares, compared to its average volume of 21,212,152. The stock has a market capitalization of $42.82 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.05 and a beta of 2.14. The firm has a fifty day moving average price of $49.04 and a 200-day moving average price of $37.41. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping 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%. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.