Mediolanum International Funds Ltd Takes $515,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Mediolanum International Funds Ltd purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,489 shares of the company’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in Robinhood Markets by 31.1% during the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock worth $1,602,000 after purchasing an additional 16,219 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $634,000. Atomi Financial Group Inc. increased its stake in shares of Robinhood Markets by 20.7% during the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock worth $20,154,000 after buying an additional 92,613 shares during the period. Requisite Capital Management LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $266,000. Finally, Baker Avenue Asset Management LP increased its stake in shares of Robinhood Markets by 77.9% during the third quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock worth $10,874,000 after buying an additional 203,354 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $47.82, for a total value of $280,990.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven M. Quirk sold 19,861 shares of the company’s stock in a transaction that occurred on Sunday, December 1st. The shares were sold at an average price of $37.54, for a total value of $745,581.94. Following the completion of the transaction, the insider now directly owns 395,166 shares in the company, valued at approximately $14,834,531.64. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,047,400 shares of company stock worth $164,578,352 in the last 90 days. 19.95% of the stock is owned by company insiders.

Analyst Ratings Changes

HOOD has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price target for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Barclays increased their price target on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their price target for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Finally, KeyCorp increased their price target on shares of Robinhood Markets from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.73.

Robinhood Markets Stock Down 2.0 %

NASDAQ HOOD opened at $51.95 on Monday. The stock has a market cap of $45.92 billion, a PE ratio of 88.05, a P/E/G ratio of 0.69 and a beta of 2.07. Robinhood Markets, Inc. has a fifty-two week low of $10.51 and a fifty-two week high of $53.51. The business has a 50 day moving average price of $41.88 and a two-hundred day moving average price of $30.18.

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.