Yousif Capital Management LLC Makes New $321,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Yousif Capital Management LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,615 shares of the company's stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets in the fourth quarter worth $26,000. HM Payson & Co. increased its position in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company's stock worth $28,000 after purchasing an additional 410 shares during the last quarter. Eastern Bank bought a new stake in Robinhood Markets in the third quarter worth $30,000. True Wealth Design LLC bought a new stake in Robinhood Markets in the third quarter worth $30,000. Finally, Spire Wealth Management increased its position in Robinhood Markets by 104.6% in the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

HOOD has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays lifted their price objective on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Raymond James started coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating for the company. Keefe, Bruyette & Woods lifted their price objective on shares of Robinhood Markets from $38.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday. Finally, Sanford C. Bernstein lifted their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus target price of $59.53.

Robinhood Markets Stock Down 8.0 %

Shares of HOOD stock traded down $4.46 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. The business has a 50 day moving average price of $47.42 and a 200 day moving average price of $33.80. The company has a market cap of $45.61 billion, a PE ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 2.13. Robinhood Markets, Inc. has a one year low of $13.59 and a one year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity at Robinhood Markets

In related news, Director Meyer Malka sold 1,535,681 shares of Robinhood Markets stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the completion of the sale, the director now directly owns 4,974,238 shares in the company, valued at $199,516,686.18. The trade was a 23.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the completion of the transaction, the chief technology officer now owns 11,752 shares of the company's stock, valued at $445,635.84. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,520,607 shares of company stock worth $200,784,430 over the last three months. 19.95% of the stock is owned by corporate insiders.

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.