Toth Financial Advisory Corp Trims Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Toth Financial Advisory Corp lowered its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,800 shares of the company’s stock after selling 3,600 shares during the quarter. Toth Financial Advisory Corp’s holdings in Robinhood Markets were worth $1,408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. purchased a new stake in shares of Robinhood Markets in the 2nd quarter valued at approximately $486,000. XTX Topco Ltd purchased a new position in Robinhood Markets in the second quarter worth approximately $207,000. Sei Investments Co. increased its stake in Robinhood Markets by 64.1% during the second quarter. Sei Investments Co. now owns 61,754 shares of the company’s stock worth $1,402,000 after acquiring an additional 24,129 shares during the last quarter. Ensign Peak Advisors Inc raised its position in Robinhood Markets by 11.2% in the second quarter. Ensign Peak Advisors Inc now owns 176,606 shares of the company’s stock valued at $4,011,000 after purchasing an additional 17,758 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Robinhood Markets by 25.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 68,840 shares of the company’s stock valued at $1,563,000 after purchasing an additional 13,944 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Trading Up 1.5 %

Shares of NASDAQ:HOOD opened at $51.12 on Friday. The company has a market cap of $45.19 billion, a PE ratio of 86.65, a P/E/G ratio of 0.67 and a beta of 2.07. The company’s 50 day moving average is $40.38 and its two-hundred day moving average is $29.13. Robinhood Markets, Inc. has a 52 week low of $10.51 and a 52 week high of $52.06.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HOOD shares. Barclays raised their price objective on Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. KeyCorp lifted their price target on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 target price (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. Finally, The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.07.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 90,866 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $50.67, for a total value of $4,604,180.22. Following the completion of the sale, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $255,478.14. This represents a 94.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $24.21, for a total value of $6,052,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,291,524 shares of company stock valued at $170,349,862 over the last quarter. Company insiders own 19.95% of the company’s stock.

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.