Ausdal Financial Partners Inc. Invests $225,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Ausdal Financial Partners Inc. bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,051 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HOOD. GQG Partners LLC purchased a new position in Robinhood Markets in the fourth quarter valued at about $302,325,000. Azora Capital LP purchased a new stake in shares of Robinhood Markets during the 3rd quarter valued at about $79,780,000. FMR LLC lifted its position in Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after acquiring an additional 3,368,118 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Robinhood Markets in the 4th quarter worth approximately $90,869,000. Finally, Assenagon Asset Management S.A. grew its position in Robinhood Markets by 486.5% in 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 acquiring an additional 2,313,213 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $41.92 on Friday. The firm has a fifty day moving average price of $49.16 and a two-hundred day moving average price of $38.06. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The firm has a market cap of $37.12 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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, analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HOOD shares. Citigroup boosted their target price 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. Morgan Stanley upped their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Compass Point initiated coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 target price on the stock. JMP Securities boosted their price target on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 13th. Finally, Piper Sandler raised their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.82.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 228,645 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.37, for a total value of $9,230,398.65. Following the sale, the director now directly owns 5,042 shares in the company, valued at approximately $203,545.54. This trade represents a 97.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.45, for a total transaction of $4,045,000.00. Following the transaction, the insider now owns 731,642 shares of the company’s stock, valued at $29,594,918.90. This represents a 12.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,955,655 shares of company stock valued at $143,072,448. Insiders own 19.95% of the company’s stock.

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.