Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 164.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,754 shares of the company’s stock after acquiring an additional 30,319 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Robinhood Markets were worth $1,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HOOD. State Street Corp raised its stake in Robinhood Markets by 8.7% in the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company’s stock valued at $317,536,000 after purchasing an additional 1,085,679 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Robinhood Markets by 19.5% in the third quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock valued at $271,708,000 after buying an additional 1,895,427 shares during the last quarter. Norges Bank purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $329,598,000. GQG Partners LLC acquired a new stake in Robinhood Markets during the fourth quarter worth approximately $302,325,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Robinhood Markets by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock worth $175,857,000 after acquiring an additional 138,267 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. KeyCorp increased their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $60.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 27th. Barclays raised their target price on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Cantor Fitzgerald initiated coverage on shares of Robinhood Markets in a report on Thursday, March 6th. They issued an “overweight” rating and a $69.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

Robinhood Markets Stock Performance

HOOD stock opened at $34.51 on Friday. The firm has a market cap of $30.56 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The stock has a 50-day simple moving average of $48.15 and a 200-day simple moving average of $38.71.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $42.64, for a total transaction of $250,552.64. Following the sale, the chief technology officer now directly owns 5,876 shares in the company, valued at $250,552.64. The trade was a 50.00 % 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, CEO Vladimir Tenev sold 500,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total value of $25,385,000.00. The disclosure for this sale can be found here. Insiders have sold 2,627,010 shares of company stock valued at $131,897,049 in the last quarter. Company insiders own 19.95% of the company’s stock.

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.