Annex Advisory Services LLC Has $21.72 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Annex Advisory Services LLC decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 582,869 shares of the company’s stock after selling 50,816 shares during the quarter. Annex Advisory Services LLC’s holdings in Robinhood Markets were worth $21,718,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. raised its position in Robinhood Markets by 53.5% in the 3rd 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. Eastern Bank acquired a new stake in shares of Robinhood Markets in the third quarter valued at approximately $30,000. True Wealth Design LLC bought a new stake in shares of Robinhood Markets in the third quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in Robinhood Markets during the third quarter worth $33,000. Finally, Connective Portfolio Management LLC acquired a new position in Robinhood Markets during the third quarter worth $47,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HOOD shares. KeyCorp boosted their price target on shares of Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley increased their price target on Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday. Barclays boosted their price target on Robinhood Markets from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods increased their price objective on Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Citigroup boosted their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.07.

Robinhood Markets Trading Up 4.5 %

Shares of HOOD stock opened at $48.15 on Monday. The firm has a market capitalization of $42.56 billion, a price-to-earnings ratio of 81.61, a PEG ratio of 0.58 and a beta of 2.07. The business’s 50-day moving average price is $38.63 and its 200-day moving average price is $28.25. Robinhood Markets, Inc. has a 12 month low of $10.38 and a 12 month high of $49.27.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company’s revenue was up 36.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) earnings per share. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Baiju Bhatt sold 108,964 shares of Robinhood Markets stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the completion of the transaction, the director now owns 2,521 shares of the company’s stock, valued at $62,823.32. This trade represents a 97.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00. The disclosure for this sale can be found here. Insiders sold a total of 3,700,658 shares of company stock valued at $140,360,682 in the last three months. Insiders own 19.95% of the company’s stock.

About Robinhood Markets

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.