Stifel Financial Corp Purchases 170,259 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Stifel Financial Corp raised its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 646.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,578 shares of the company’s stock after acquiring an additional 170,259 shares during the period. Stifel Financial Corp’s holdings in Robinhood Markets were worth $7,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HOOD. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the fourth quarter valued at $26,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the last quarter. Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets in the fourth quarter worth about $37,000. Bogart Wealth LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth about $37,000. Finally, Spire Wealth Management grew its holdings in shares of Robinhood Markets by 104.6% in the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the completion of the sale, the insider now directly owns 706,642 shares in the company, valued at approximately $36,462,727.20. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,234,584 shares of company stock worth $109,755,759. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Down 1.1 %

Shares of HOOD opened at $48.93 on Tuesday. The company has a market cap of $43.33 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The company has a 50 day moving average of $43.28 and a two-hundred day moving average of $41.16.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HOOD shares. Morgan Stanley cut shares of Robinhood Markets from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a report on Tuesday, April 8th. Piper Sandler upped their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Raymond James assumed coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a “market perform” rating for the company. Finally, Citigroup dropped their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Six equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.88.

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.