Interchange Capital Partners LLC Has $572,000 Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Interchange Capital Partners LLC lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,348 shares of the company’s stock after selling 1,071 shares during the period. Interchange Capital Partners LLC’s holdings in Robinhood Markets were worth $572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HOOD. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter worth $26,000. True Wealth Design LLC acquired a new stake in shares of Robinhood Markets in the third quarter worth $30,000. Creative Financial Designs Inc. ADV boosted its position in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after buying an additional 750 shares during the period. Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets in the fourth quarter worth $37,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter worth $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the sale, the chief technology officer now directly owns 17,559 shares of the company’s stock, valued at $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of Robinhood Markets stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.45, for a total value of $4,045,000.00. Following the sale, the insider now directly owns 731,642 shares in the company, valued at approximately $29,594,918.90. This trade represents a 12.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,679,251 shares of company stock valued at $130,979,560 over the last three months. 19.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HOOD has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Mizuho increased their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wolfe Research lowered Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft cut their price objective on Robinhood Markets from $75.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Finally, Compass Point initiated coverage on Robinhood Markets in a report on Wednesday, March 19th. They set a “buy” rating and a $61.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.29.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $44.36 on Monday. The business’s 50-day simple moving average is $49.04 and its 200-day simple moving average is $37.41. The firm has a market capitalization of $39.28 billion, a PE ratio of 28.25, a PEG ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

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

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.