Savant Capital LLC Increases Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Savant Capital LLC grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,920 shares of the company’s stock after acquiring an additional 13,482 shares during the period. Savant Capital LLC’s holdings in Robinhood Markets were worth $2,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cetera Investment Advisers lifted its position in shares of Robinhood Markets by 26.2% during the 2nd quarter. Cetera Investment Advisers now owns 66,341 shares of the company’s stock valued at $1,507,000 after buying an additional 13,792 shares in the last quarter. CWM LLC lifted its holdings in Robinhood Markets by 66.9% during the third quarter. CWM LLC now owns 38,746 shares of the company’s stock valued at $907,000 after purchasing an additional 15,524 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Robinhood Markets in the third quarter worth $89,000. ORG Wealth Partners LLC bought a new stake in shares of Robinhood Markets during the 3rd quarter valued at $33,000. Finally, Creative Planning increased its stake in Robinhood Markets by 34.6% in the 3rd quarter. Creative Planning now owns 35,384 shares of the company’s stock worth $829,000 after buying an additional 9,094 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HOOD shares. Mizuho boosted their price target on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Morgan Stanley increased their price target on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Keefe, Bruyette & Woods boosted their price objective on Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Citigroup raised their price objective on Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, JMP Securities boosted their target price on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.67.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 186,514 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the transaction, the director now owns 2,521 shares of the company’s stock, valued at approximately $96,125.73. This represents a 98.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,948,427 shares of company stock worth $165,005,244. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Trading Up 4.8 %

Shares of HOOD opened at $55.91 on Thursday. The firm has a fifty day moving average price of $44.48 and a 200-day moving average price of $31.90. The firm has a market capitalization of $49.42 billion, a P/E ratio of 94.76, a P/E/G ratio of 0.73 and a beta of 2.13. Robinhood Markets, Inc. has a 12-month low of $11.43 and a 12-month high of $57.27.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Analysts predict that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

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.