1,914,060 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,914,060 shares of the company's stock, valued at approximately $71,318,000. TimesSquare Capital Management LLC owned approximately 0.22% of Robinhood Markets at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets in the 4th quarter valued at about $26,000. HM Payson & Co. lifted its holdings in shares of 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 acquiring an additional 410 shares during the period. Eastern Bank purchased a new position in shares of Robinhood Markets during the 3rd quarter worth about $30,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets during the 3rd quarter worth about $30,000. Finally, Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets during the 4th quarter worth about $37,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 19,861 shares of the firm's stock in a transaction that occurred on Sunday, December 1st. The shares were sold at an average price of $37.54, for a total transaction of $745,581.94. Following the completion of the sale, the insider now owns 395,166 shares of the company's stock, valued at approximately $14,834,531.64. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the sale, the chief technology officer now directly owns 11,752 shares of the company's stock, valued at $445,635.84. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,520,607 shares of company stock valued at $200,784,430 over the last 90 days. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Trading Down 8.0 %

NASDAQ:HOOD traded down $4.46 during trading hours on Friday, hitting $51.60. The stock had a trading volume of 33,522,577 shares, compared to its average volume of 25,542,662. Robinhood Markets, Inc. has a 1-year low of $13.59 and a 1-year high of $66.91. The business has a 50 day simple moving average of $47.42 and a two-hundred day simple moving average of $33.80. The company has a market cap of $45.61 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (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 13.53%. Research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on HOOD. Citigroup increased their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley increased their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Barclays increased their price objective on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Sanford C. Bernstein increased their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Finally, KeyCorp increased their price objective on shares of 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.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.53.

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.