SYM FINANCIAL Corp Acquires Shares of 5,956 Robinhood Markets, Inc. (NASDAQ:HOOD)

SYM FINANCIAL Corp bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,956 shares of the company’s stock, valued at approximately $222,000.

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 Robinhood Markets during the fourth quarter worth approximately $26,000. HM Payson & Co. increased its stake in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the period. Eastern Bank acquired a new stake in Robinhood Markets during the 3rd quarter worth approximately $30,000. True Wealth Design LLC bought a new stake in Robinhood Markets in the 3rd quarter valued at $30,000. Finally, ORG Wealth Partners LLC acquired a new position in Robinhood Markets in the 3rd quarter valued at $33,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other Robinhood Markets news, Director Meyer Malka sold 1,535,681 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total transaction of $61,596,164.91. Following the sale, the director now directly owns 4,974,238 shares of the company’s stock, valued at $199,516,686.18. The trade was a 23.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $47.82, for a total transaction of $280,990.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,047,400 shares of company stock valued at $164,578,352. 19.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOOD. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. KeyCorp increased their target price on shares of Robinhood Markets from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday. The Goldman Sachs Group upgraded 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 research report on Friday, December 6th. Finally, Piper Sandler increased their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. 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.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $43.73.

Robinhood Markets Trading Down 2.0 %

Shares of Robinhood Markets stock opened at $51.95 on Monday. The firm’s 50 day moving average is $41.88 and its 200 day moving average is $30.18. The firm has a market capitalization of $45.92 billion, a PE ratio of 88.05, a price-to-earnings-growth ratio of 0.69 and a beta of 2.07. Robinhood Markets, Inc. has a 1 year low of $10.51 and a 1 year high of $53.51.

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.