Metis Global Partners LLC Acquires Shares of 7,408 Robinhood Markets, Inc. (NASDAQ:HOOD)

Metis Global Partners LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,408 shares of the company’s stock, valued at approximately $276,000.

Other large investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the 4th quarter valued at $26,000. Silicon Valley Capital Partners bought a new position in Robinhood Markets during the 4th quarter valued at $37,000. Bogart Wealth LLC bought a new position in Robinhood Markets during the 4th quarter valued at $37,000. Spire Wealth Management lifted its stake in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after acquiring an additional 549 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Robinhood Markets by 130.7% during the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock valued at $42,000 after acquiring an additional 643 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Down 6.8 %

Shares of HOOD opened at $44.84 on Friday. The business’s 50-day moving average price is $48.93 and its 200-day moving average price is $35.64. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The stock has a market cap of $39.70 billion, a PE ratio of 28.56, a P/E/G ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HOOD shares. Morgan Stanley lifted their target price on Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods lifted their target price on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald started coverage on Robinhood Markets in a research note on Thursday. They set an “overweight” rating and a $69.00 target price on the stock. Piper Sandler lifted their target price on Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Barclays lifted their target price on Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.13.

Insider Activity

In related news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $37.92, for a total value of $222,817.92. Following the transaction, the chief technology officer now directly owns 11,752 shares in the company, valued at approximately $445,635.84. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 186,514 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 3,165,788 shares of company stock worth $149,293,178 over the last ninety days. 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.