Numerai GP LLC Sells 104,350 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Numerai GP LLC reduced its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 83.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,103 shares of the company’s stock after selling 104,350 shares during the period. Numerai GP LLC’s holdings in Robinhood Markets were worth $786,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HOOD. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $26,000. CoreCap Advisors LLC increased its holdings in Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in 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 last quarter. Colonial Trust Co SC acquired a new position in Robinhood Markets in the fourth quarter worth $34,000. Finally, Silicon Valley Capital Partners bought a new stake in shares of Robinhood Markets during the fourth quarter worth $37,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Down 1.9%

NASDAQ:HOOD opened at $61.39 on Thursday. The firm has a market capitalization of $54.36 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The business’s 50-day moving average price is $44.26 and its two-hundred day moving average price is $43.08.

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

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total value of $957,750.00. Following the completion of the transaction, the insider now directly owns 822,825 shares in the company, valued at approximately $31,522,425.75. The trade was a 2.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the transaction, the chief technology officer now owns 17,559 shares of the company’s stock, valued at $821,936.79. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,840,014 shares of company stock valued at $83,494,057. 14.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on HOOD shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Barclays reduced their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. KeyCorp decreased their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Robinhood Markets from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.41.

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.