Savant Capital LLC Grows Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Savant Capital LLC lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 26.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,920 shares of the company’s stock after purchasing 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 large investors also recently modified their holdings of the business. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the 4th quarter valued at approximately $26,000. HM Payson & Co. lifted its stake 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 acquiring an additional 410 shares during the period. Eastern Bank bought a new stake in Robinhood Markets in the third quarter valued at $30,000. True Wealth Design LLC purchased a new position in Robinhood Markets during the 3rd quarter valued at $30,000. Finally, ORG Wealth Partners LLC bought a new position in Robinhood Markets in the 3rd quarter worth $33,000. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on HOOD shares. Morgan Stanley lifted their price objective on Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Raymond James began coverage on Robinhood Markets in a report on Wednesday, February 5th. They issued a “market perform” rating for the company. JMP Securities raised their price objective 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. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.67.

Robinhood Markets Trading Up 4.8 %

Shares of HOOD opened at $55.91 on Thursday. The company has a market cap of $49.42 billion, a price-to-earnings ratio of 94.76, a P/E/G ratio of 0.73 and a beta of 2.13. The business’s fifty day simple moving average is $44.48 and its two-hundred day simple moving average is $31.90. 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 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. As a group, research analysts forecast that Robinhood Markets, Inc. will post 0.97 EPS for the current year.

Insider Activity

In related news, Director Baiju Bhatt sold 186,514 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total value of $7,111,778.82. Following the sale, the director now owns 2,521 shares in the company, valued at approximately $96,125.73. This trade represents a 98.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets 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 have sold a total of 3,948,427 shares of company stock valued at $165,005,244 in the last 90 days. 19.95% of the stock is currently owned by insiders.

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.