Nia Impact Advisors LLC Has $5.11 Million Stock Position in Robinhood Markets, Inc. $HOOD

Nia Impact Advisors LLC lowered its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,189 shares of the company’s stock after selling 9,619 shares during the period. Robinhood Markets makes up 1.7% of Nia Impact Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Nia Impact Advisors LLC’s holdings in Robinhood Markets were worth $5,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HOOD. Sound Income Strategies LLC raised its holdings in shares of Robinhood Markets by 152.6% during the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. CYBER HORNET ETFs LLC raised its holdings in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Elyxium Wealth LLC bought a new position in Robinhood Markets in the 4th quarter valued at about $27,000. Finally, Godsey & Gibb Inc. acquired a new position in Robinhood Markets during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $73.64 on Monday. The firm has a market cap of $66.31 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.39 and a beta of 2.29. Robinhood Markets, Inc. has a 52 week low of $62.63 and a 52 week high of $153.86. The firm has a 50-day moving average price of $76.11 and a two-hundred day moving average price of $96.12.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HOOD. Zacks Research downgraded Robinhood Markets from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Piper Sandler cut their price target on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. JPMorgan Chase & Co. cut their price target on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.88.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CFO Shiv Verma sold 5,436 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $77.36, for a total value of $420,528.96. Following the completion of the sale, the chief financial officer owned 47,311 shares in the company, valued at approximately $3,659,978.96. This trade represents a 10.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 8,540 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total transaction of $725,302.20. Following the completion of the sale, the insider owned 53,183 shares of the company’s stock, valued at approximately $4,516,832.19. This trade represents a 13.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 560,765 shares of company stock worth $40,946,840. Company insiders own 14.47% of the company’s stock.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.