Xponance Inc. Purchases 10,355 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Xponance Inc. lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,227 shares of the company’s stock after buying an additional 10,355 shares during the period. Xponance Inc.’s holdings in Robinhood Markets were worth $2,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Azora Capital LP purchased a new position in shares of Robinhood Markets during the third quarter valued at approximately $79,780,000. FMR LLC raised its holdings in shares of Robinhood Markets by 31.3% during the third quarter. FMR LLC now owns 14,129,544 shares of the company’s stock valued at $330,914,000 after purchasing an additional 3,368,118 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $90,869,000. Assenagon Asset Management S.A. raised its holdings in shares of Robinhood Markets by 486.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock valued at $103,906,000 after purchasing an additional 2,313,213 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $71,318,000. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $37.51, for a total transaction of $11,253,000.00. Following the transaction, the insider now owns 806,955 shares of the company’s stock, valued at $30,268,882.05. This trade represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,979,251 shares of company stock worth $142,232,560. 19.95% of the stock is owned by insiders.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $44.36 on Friday. The firm has a fifty day moving average price of $49.04 and a 200 day moving average price of $37.16. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The firm has a market cap of $39.28 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.05 and a beta of 2.14.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HOOD. Mizuho boosted their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 7th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $46.00 in a report on Friday, December 6th. JMP Securities upped their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a report on Thursday, February 13th. Needham & Company LLC upped their target price on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Piper Sandler upped their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.29.

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.