Natixis Advisors LLC Grows Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Natixis Advisors LLC lifted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,261 shares of the company’s stock after buying an additional 3,281 shares during the quarter. Natixis Advisors LLC’s holdings in Robinhood Markets were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets during the 4th quarter worth $26,000. Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets during the fourth quarter valued at $37,000. Bogart Wealth LLC bought a new stake in shares of Robinhood Markets in the fourth quarter valued at about $37,000. Spire Wealth Management lifted its stake 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 acquiring an additional 549 shares during the period. Finally, Allworth Financial LP grew its holdings in Robinhood Markets by 130.7% during the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock worth $42,000 after acquiring an additional 643 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of several recent research reports. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Raymond James started coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a “market perform” rating for the company. Barclays increased their target price on Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. KeyCorp boosted their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Piper Sandler upped their price objective on Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.29.

Insider Buying and Selling

In related news, Director Baiju Bhatt sold 223,528 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $43.21, for a total value of $9,658,644.88. Following the sale, the director now owns 5,042 shares in the company, valued at $217,864.82. This represents a 97.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. Insiders sold 2,908,632 shares of company stock worth $140,891,991 in the last 90 days. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Down 0.4 %

Shares of Robinhood Markets stock opened at $48.15 on Wednesday. The company has a 50 day moving average price of $49.35 and a 200 day moving average price of $37.82. The firm has a market capitalization of $42.63 billion, a P/E ratio of 30.67, a PEG ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, 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.