Oak Thistle LLC Makes New Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Oak Thistle LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 21,383 shares of the company’s stock, valued at approximately $797,000.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Robinhood Markets by 9.6% in the second quarter. Victory Capital Management Inc. now owns 63,337 shares of the company’s stock valued at $1,438,000 after acquiring an additional 5,534 shares during the period. American Century Companies Inc. bought a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $486,000. DekaBank Deutsche Girozentrale boosted its position in Robinhood Markets by 110.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 49,260 shares of the company’s stock valued at $1,117,000 after purchasing an additional 25,875 shares during the period. Dimensional Fund Advisors LP grew its stake in Robinhood Markets by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,468 shares of the company’s stock worth $92,549,000 after buying an additional 112,967 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in Robinhood Markets by 1,662.6% in the second quarter. Edgestream Partners L.P. now owns 198,471 shares of the company’s stock worth $4,507,000 after buying an additional 187,211 shares during the period. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Meyer Malka sold 1,535,681 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total transaction of $61,596,164.91. Following the sale, the director now directly owns 4,974,238 shares in the company, valued at approximately $199,516,686.18. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,609,792 shares of company stock worth $136,247,178. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $45.56 on Thursday. The stock has a market capitalization of $40.27 billion, a price-to-earnings ratio of 77.22, a PEG ratio of 0.81 and a beta of 2.07. Robinhood Markets, Inc. has a 1-year low of $10.38 and a 1-year high of $46.22. The company has a 50 day moving average price of $37.63 and a 200 day moving average price of $27.75.

Robinhood Markets (NASDAQ:HOOD) last issued 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 company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The business’s revenue was up 36.4% compared to the same quarter last year. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Barclays upped their target price on shares of Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. upgraded Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $43.00 in a research report on Tuesday, January 7th. JMP Securities increased their price objective on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein lifted their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.47.

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.