Clarius Group LLC Buys Shares of 8,094 Robinhood Markets, Inc. (NASDAQ:HOOD)

Clarius Group LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,094 shares of the company’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank grew its position in Robinhood Markets by 31.1% in the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock valued at $1,602,000 after purchasing an additional 16,219 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $634,000. Baker Avenue Asset Management LP grew its holdings in shares of Robinhood Markets by 77.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock valued at $10,874,000 after acquiring an additional 203,354 shares in the last quarter. Bridgewater Associates LP increased its position in shares of Robinhood Markets by 100.4% in the third quarter. Bridgewater Associates LP now owns 330,956 shares of the company’s stock valued at $7,751,000 after acquiring an additional 165,791 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in 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 in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $42.64, for a total transaction of $250,552.64. Following the completion of the sale, the chief technology officer now owns 5,876 shares of the company’s stock, valued at $250,552.64. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Baiju Bhatt sold 108,964 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the sale, the director now owns 2,521 shares in the company, valued at $62,823.32. The trade was a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,700,658 shares of company stock valued at $140,360,682 over the last 90 days. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Stock Performance

HOOD stock opened at $48.15 on Monday. Robinhood Markets, Inc. has a 52 week low of $10.38 and a 52 week high of $49.27. The company has a market capitalization of $42.56 billion, a PE ratio of 81.61, a price-to-earnings-growth ratio of 0.58 and a beta of 2.07. The company’s 50-day simple moving average is $38.63 and its 200 day simple moving average is $28.25.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (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 analyst estimates of $660.53 million. During the same quarter in the previous year, the company earned ($0.09) EPS. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. On average, analysts forecast that Robinhood Markets, Inc. will post 0.91 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Piper Sandler raised their price target on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. JMP Securities boosted their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 12th. Citigroup increased their price target on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley raised their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.07.

About Robinhood Markets

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.