Sanctuary Advisors LLC Has $2.44 Million Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Sanctuary Advisors LLC boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,500 shares of the company’s stock after buying an additional 2,284 shares during the quarter. Sanctuary Advisors LLC’s holdings in Robinhood Markets were worth $2,441,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at about $26,000. HM Payson & Co. boosted its stake in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares during the period. Eastern Bank acquired a new stake in Robinhood Markets in the 3rd quarter valued at approximately $30,000. True Wealth Design LLC bought a new position in Robinhood Markets in the 3rd quarter worth approximately $30,000. Finally, Silicon Valley Capital Partners acquired a new position in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.22, for a total value of $477,750.00. Following the sale, the insider now owns 1,106,955 shares of the company’s stock, valued at $42,307,820.10. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven M. Quirk sold 19,861 shares of Robinhood Markets stock in a transaction dated Sunday, December 1st. The shares were sold at an average price of $37.54, for a total value of $745,581.94. Following the completion of the sale, the insider now directly owns 395,166 shares in the company, valued at $14,834,531.64. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,520,607 shares of company stock valued at $200,784,430. 19.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HOOD shares. JMP Securities raised their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 13th. Citigroup raised their price target on shares of Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Raymond James began coverage on Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating on the stock. Finally, Sanford C. Bernstein upped their price target on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.53.

Robinhood Markets Trading Down 8.0 %

Shares of Robinhood Markets stock opened at $51.60 on Friday. The stock’s fifty day simple moving average is $47.42 and its 200 day simple moving average is $33.92. The company has a market capitalization of $45.61 billion, a PE ratio of 32.87, a PEG ratio of 1.05 and a beta of 2.13. Robinhood Markets, Inc. has a 12 month low of $13.59 and a 12 month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.