SG Americas Securities LLC Raises Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

SG Americas Securities LLC increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 18.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 174,625 shares of the company’s stock after acquiring an additional 26,872 shares during the quarter. SG Americas Securities LLC’s holdings in Robinhood Markets were worth $2,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of Robinhood Markets by 15.5% in the third quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock worth $23,738,000 after purchasing an additional 325,506 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Robinhood Markets by 12.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,009,592 shares of the company’s stock worth $9,904,000 after buying an additional 109,652 shares during the period. Seven Eight Capital LP purchased a new position in Robinhood Markets in the 3rd quarter valued at approximately $131,000. Quantbot Technologies LP raised its holdings in Robinhood Markets by 583.1% during the 3rd quarter. Quantbot Technologies LP now owns 132,612 shares of the company’s stock valued at $1,301,000 after acquiring an additional 113,199 shares during the period. Finally, Gulf International Bank UK Ltd purchased a new stake in shares of Robinhood Markets during the fourth quarter worth $764,000. 93.27% of the stock is currently owned by institutional investors.

Insider Activity

In other Robinhood Markets news, CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $12.43, for a total value of $62,150.00. Following the completion of the sale, the chief financial officer now directly owns 921,267 shares of the company’s stock, valued at $11,451,348.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $12.01, for a total transaction of $3,002,500.00. Following the transaction, the chief executive officer now directly owns 41,134 shares in the company, valued at approximately $494,019.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $12.43, for a total value of $62,150.00. Following the completion of the sale, the chief financial officer now owns 921,267 shares of the company’s stock, valued at approximately $11,451,348.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,435,027 shares of company stock valued at $34,531,948. Corporate insiders own 20.81% of the company’s stock.

Robinhood Markets Trading Up 3.8 %

HOOD opened at $20.01 on Thursday. The stock has a market capitalization of $17.50 billion, a P/E ratio of -33.35 and a beta of 1.63. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $20.55. The stock has a 50-day moving average price of $14.40 and a 200-day moving average price of $11.70.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $471.00 million during the quarter, compared to analyst estimates of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. Robinhood Markets’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. On average, equities research analysts predict that Robinhood Markets, Inc. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Robinhood Markets from $10.00 to $11.50 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Redburn Atlantic began coverage on Robinhood Markets in a research report on Friday, December 1st. They set a “neutral” rating and a $9.50 price target on the stock. Sanford C. Bernstein started coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price objective for the company. Mizuho boosted their price objective on shares of Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, JMP Securities increased their target price on shares of Robinhood Markets from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.46.

Robinhood Markets 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.