5,839 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 5,839 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GQG Partners LLC purchased a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $302,325,000. Azora Capital LP purchased a new position in Robinhood Markets in the 3rd quarter valued at approximately $79,780,000. FMR LLC boosted its position in Robinhood Markets by 31.3% in the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock valued at $330,914,000 after buying an additional 3,368,118 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Robinhood Markets in the fourth quarter worth $90,869,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Robinhood Markets by 486.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock worth $103,906,000 after acquiring an additional 2,313,213 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HOOD shares. Raymond James assumed coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a “market perform” rating for the company. JMP Securities upped their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 13th. Wolfe Research cut shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Needham & Company LLC increased their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $61.29.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $40.45, for a total value of $4,045,000.00. Following the completion of the sale, the insider now directly owns 731,642 shares of the company’s stock, valued at $29,594,918.90. The trade was a 12.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction 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. In the last quarter, insiders have sold 2,908,632 shares of company stock worth $140,891,991. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $48.15 on Wednesday. The company’s fifty day moving average is $49.35 and its two-hundred day moving average is $37.82. The stock has a market capitalization of $42.63 billion, a price-to-earnings ratio of 30.67, 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.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.