Robinhood Markets, Inc. (NASDAQ:HOOD) Position Increased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 51.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,657 shares of the company’s stock after purchasing an additional 10,727 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Robinhood Markets were worth $1,180,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Friedenthal Financial bought a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $764,000. Wedmont Private Capital acquired a new position in shares of Robinhood Markets during the 4th quarter worth $386,000. Central Pacific Bank Trust Division raised its holdings in shares of Robinhood Markets by 5.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 32,301 shares of the company’s stock valued at $1,204,000 after purchasing an additional 1,812 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at $634,000. Finally, GAMMA Investing LLC boosted its holdings in Robinhood Markets by 49.3% in the fourth quarter. GAMMA Investing LLC now owns 5,858 shares of the company’s stock worth $218,000 after purchasing an additional 1,935 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $39.59 on Tuesday. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $43.83. The stock has a fifty day moving average price of $37.30 and a 200 day moving average price of $27.61. The stock has a market cap of $35.00 billion, a P/E ratio of 67.10, a price-to-earnings-growth ratio of 0.81 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS 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 business had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. During the same period in the previous year, the business posted ($0.09) earnings per share. Robinhood Markets’s revenue was up 36.4% on a year-over-year basis. Equities research analysts anticipate that Robinhood Markets, Inc. will post 0.8 EPS for the current year.

Insider Activity

In other news, Director Meyer Malka sold 1,535,681 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91. Following the sale, the director now owns 4,974,238 shares of the company’s stock, valued at approximately $199,516,686.18. This represents a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $37.92, for a total transaction of $222,817.92. Following the transaction, the chief technology officer now directly owns 11,752 shares of the company’s stock, valued at $445,635.84. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,708,196 shares of company stock worth $138,845,043. Company insiders own 19.95% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $20.00 to $43.00 in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a 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. Morgan Stanley upgraded shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $24.00 to $55.00 in a report on Monday, November 25th. Finally, Sanford C. Bernstein upped their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Three 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 has a consensus rating of “Moderate Buy” and a consensus price target of $42.47.

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.