Snowden Capital Advisors LLC Buys Shares of 31,554 Robinhood Markets, Inc. (NASDAQ:HOOD)

Snowden Capital Advisors LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 31,554 shares of the company’s stock, valued at approximately $1,176,000.

A number of other large investors also recently added to or reduced their stakes in HOOD. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets during the 4th quarter valued at about $26,000. CoreCap Advisors LLC lifted its position 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 during the period. Creative Financial Designs Inc. ADV lifted its position in Robinhood Markets by 750.0% during 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 position in Robinhood Markets during the 4th quarter valued at about $34,000. Finally, Silicon Valley Capital Partners acquired a new position in Robinhood Markets during the 4th quarter valued at about $37,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Steven M. Quirk sold 123,272 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.80, for a total value of $6,878,577.60. Following the completion of the transaction, the insider now directly owns 298,826 shares of the company’s stock, valued at approximately $16,674,490.80. This trade represents a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were 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. Insiders have sold 1,947,622 shares of company stock worth $89,994,656 over the last ninety days. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $61.76 on Monday. The company has a market capitalization of $54.69 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company’s 50 day moving average price is $45.27 and its two-hundred day moving average price is $43.79. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) 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 business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same quarter last year, the business earned $0.18 earnings per share. Robinhood Markets’s revenue for the quarter was up 50.0% on a year-over-year basis. Analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James assumed coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Robinhood Markets from $54.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Wolfe Research downgraded shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Morgan Stanley increased their price target on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group increased their price target on shares of Robinhood Markets from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.41.

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.