Tower Research Capital LLC TRC Raises Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Tower Research Capital LLC TRC increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 218.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,141 shares of the company's stock after acquiring an additional 19,294 shares during the quarter. Tower Research Capital LLC TRC's holdings in Robinhood Markets were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HOOD. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets in the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV boosted its holdings 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 buying an additional 750 shares in the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets in the 4th quarter worth about $37,000. Bogart Wealth LLC bought a new position in shares of Robinhood Markets in the 4th quarter worth about $37,000. Finally, Spire Wealth Management lifted its position in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after acquiring an additional 549 shares during the period. Institutional investors own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares in the company, valued at $821,936.79. This represents a 25.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,240,460 shares of company stock worth $110,036,750 in the last quarter. Company insiders own 19.95% of the company's stock.

Robinhood Markets Stock Up 2.7 %

HOOD traded up $1.30 during mid-day trading on Friday, reaching $49.45. 34,530,486 shares of the company traded hands, compared to its average volume of 24,936,046. The stock has a market capitalization of $43.79 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91. The company's fifty day moving average price is $43.49 and its 200-day moving average price is $40.89.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of recent research reports. Citigroup cut their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Barclays reduced their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Piper Sandler upped their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Six 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, Robinhood Markets currently has an average rating of "Moderate Buy" and an average target price of $53.88.

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.