Captrust Financial Advisors Purchases 4,487 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Captrust Financial Advisors boosted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 31.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,942 shares of the company’s stock after purchasing an additional 4,487 shares during the period. Captrust Financial Advisors’ holdings in Robinhood Markets were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. HM Payson & Co. grew its stake in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the last quarter. Commerce Bank grew its position in Robinhood Markets by 3.3% in the 3rd quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after acquiring an additional 423 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Robinhood Markets by 16.5% in the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after purchasing an additional 487 shares during the last quarter. Castleview Partners LLC grew its holdings in shares of Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock worth $89,000 after purchasing an additional 582 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Robinhood Markets by 3.1% in the third quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock worth $463,000 after purchasing an additional 598 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Up 3.9 %

Shares of HOOD opened at $39.33 on Friday. The company has a 50 day moving average of $31.35 and a two-hundred day moving average of $24.85. Robinhood Markets, Inc. has a twelve month low of $10.38 and a twelve month high of $42.76. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 66.66, a price-to-earnings-growth ratio of 0.93 and a beta of 2.08.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 0.77 EPS for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $22.88, for a total transaction of $5,720,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Baiju Bhatt sold 98,404 shares of Robinhood Markets stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.40, for a total value of $2,597,865.60. Following the sale, the director now directly owns 2,521 shares of the company’s stock, valued at approximately $66,554.40. This represents a 97.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,851,175 shares of company stock valued at $169,980,708. 19.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised Robinhood Markets from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $24.00 to $55.00 in a research note on Monday, November 25th. Barclays raised Robinhood Markets from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $49.00 in a research note on Monday. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Finally, Sanford C. Bernstein increased their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $38.13.

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.