5,700 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by R Squared Ltd

R Squared Ltd purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,700 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HM Payson & Co. lifted its holdings in shares of Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares during the period. Eastern Bank acquired a new position in Robinhood Markets in the third quarter worth about $30,000. True Wealth Design LLC acquired a new stake in Robinhood Markets during the third quarter valued at approximately $30,000. ORG Wealth Partners LLC acquired a new stake in Robinhood Markets during the third quarter valued at approximately $33,000. Finally, Connective Portfolio Management LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $47,000. Institutional investors own 93.27% of the company’s stock.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $24.21, for a total transaction of $6,052,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 108,964 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total value of $2,715,382.88. Following the transaction, the director now owns 2,521 shares of the company’s stock, valued at $62,823.32. The trade was a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,291,524 shares of company stock worth $170,349,862 in the last quarter. 19.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HOOD. Barclays boosted their price target on Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. 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 report on Thursday, December 5th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $46.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Citigroup lifted their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.07.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $49.38 on Wednesday. The stock has a market capitalization of $43.65 billion, a P/E ratio of 83.69, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07. Robinhood Markets, Inc. has a 52 week low of $10.51 and a 52 week high of $52.06. The stock has a fifty day moving average of $40.92 and a 200-day moving average of $29.59.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm 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 business’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. Equities research analysts forecast that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal year.

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.