Certuity LLC Lowers Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Certuity LLC trimmed its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 72.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,862 shares of the company’s stock after selling 34,569 shares during the period. Certuity LLC’s holdings in Robinhood Markets were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets during the fourth quarter worth $26,000. HM Payson & Co. boosted its position in shares of Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares in the last quarter. Eastern Bank acquired a new position in shares of Robinhood Markets during the 3rd quarter worth $30,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets in the 3rd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Robinhood Markets in the third quarter valued at about $33,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of Robinhood Markets stock in a transaction on Friday, February 7th. The shares were sold at an average price of $55.34, for a total value of $5,028,524.44. Following the transaction, the director now owns 5,042 shares in the company, valued at $279,024.28. This trade represents a 94.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $37.92, for a total value of $222,817.92. Following the sale, the chief technology officer now owns 11,752 shares of the company’s stock, valued at approximately $445,635.84. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,948,427 shares of company stock valued at $165,005,244 over the last quarter. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $55.91 on Thursday. The company has a 50-day simple moving average of $44.48 and a 200-day simple moving average of $31.90. The company has a market cap of $49.42 billion, a PE ratio of 94.76, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. Robinhood Markets, Inc. has a 12 month low of $11.43 and a 12 month high of $57.27.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. On average, analysts anticipate that Robinhood Markets, Inc. will post 0.97 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JMP Securities upped their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods lifted their price objective on Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Barclays boosted their target price on Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $52.00 price target (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

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.