Jacobs Levy Equity Management Inc. Has $130.63 Million Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Jacobs Levy Equity Management Inc. lessened its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,505,937 shares of the company’s stock after selling 975,857 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Robinhood Markets were worth $130,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets during the fourth quarter worth $26,000. CoreCap Advisors LLC increased its stake in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the period. Colonial Trust Co SC acquired a new stake in Robinhood Markets in the 4th quarter valued at about $34,000. Finally, Silicon Valley Capital Partners bought a new position in Robinhood Markets during the fourth quarter worth about $37,000. 93.27% of the stock is owned by institutional investors.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $60.77, for a total transaction of $3,038,500.00. Following the sale, the insider now owns 706,642 shares of the company’s stock, valued at approximately $42,942,634.34. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 522,180 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the completion of the transaction, the director now owns 5,042 shares of the company’s stock, valued at $316,133.40. The trade was a 99.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,243,727 shares of company stock worth $109,688,747. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Up 1.1 %

Shares of Robinhood Markets stock opened at $54.65 on Friday. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The company has a market capitalization of $48.39 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 1.05 and a beta of 2.15. The firm’s 50-day moving average price is $43.38 and its two-hundred day moving average price is $42.50.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue was up 50.0% on a year-over-year basis. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HOOD. KeyCorp dropped their price objective on Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price target on Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $60.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 27th. JMP Securities reissued a “market outperform” rating and issued a $70.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Six 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $53.24.

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.