Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Sold by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. decreased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 53.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,116 shares of the company’s stock after selling 10,302 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in Robinhood Markets were worth $340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HOOD. American Century Companies Inc. acquired a new stake in Robinhood Markets in the second quarter worth about $486,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Robinhood Markets by 21.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,071 shares of the company’s stock valued at $615,000 after purchasing an additional 4,843 shares during the last quarter. XTX Topco Ltd acquired a new stake in Robinhood Markets in the 2nd quarter worth approximately $207,000. Sei Investments Co. grew its position in Robinhood Markets by 64.1% during the 2nd quarter. Sei Investments Co. now owns 61,754 shares of the company’s stock worth $1,402,000 after purchasing an additional 24,129 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Robinhood Markets by 11.2% in the second quarter. Ensign Peak Advisors Inc now owns 176,606 shares of the company’s stock worth $4,011,000 after buying an additional 17,758 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 19,861 shares of the business’s stock in a transaction dated 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 $14,834,531.64. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.22, for a total transaction of $477,750.00. Following the completion of the transaction, the insider now directly owns 1,106,955 shares in the company, valued at $42,307,820.10. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,700,658 shares of company stock worth $140,360,682. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Up 0.4 %

NASDAQ:HOOD opened at $50.36 on Friday. Robinhood Markets, Inc. has a 52 week low of $10.51 and a 52 week high of $51.09. The stock’s 50-day moving average price is $40.01 and its 200-day moving average price is $28.92. The stock has a market capitalization of $44.52 billion, a PE ratio of 85.36, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. Sell-side analysts expect that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HOOD shares. Needham & Company LLC reissued a “buy” rating and set a $52.00 price objective (up from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. Citigroup increased their price objective on Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $43.00 in a report on Tuesday, January 7th. Finally, JMP Securities upped their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

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.