Canada Post Corp Registered Pension Plan Purchases Shares of 15,390 Robinhood Markets, Inc. $HOOD

Canada Post Corp Registered Pension Plan purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,390 shares of the company’s stock, valued at approximately $2,104,000.

Several other hedge funds also recently modified their holdings of the stock. North Star Investment Management Corp. boosted its position in Robinhood Markets by 44.9% during the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the last quarter. First Command Advisory Services Inc. raised its stake in shares of Robinhood Markets by 33.8% during the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 81 shares in the last quarter. CogentBlue Wealth Advisors LLC raised its stake in shares of Robinhood Markets by 3.8% during the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Robinhood Markets by 5.5% in the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after buying an additional 97 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 99 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

More Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.07, for a total transaction of $870,700.00. Following the completion of the sale, the insider directly owned 393,612 shares of the company’s stock, valued at $34,271,796.84. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,537,615 shares of company stock worth $182,272,702 over the last ninety days. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Up 14.0%

Shares of HOOD stock opened at $82.82 on Friday. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86. The company has a market capitalization of $74.47 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.29 and a beta of 2.43. The firm has a 50 day moving average price of $113.99 and a two-hundred day moving average price of $119.09.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

HOOD has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Monday, December 22nd. KeyCorp upped their target price on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Citizens Jmp raised their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, November 7th. Mizuho boosted their price target on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Zacks Research lowered Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $135.43.

View Our Latest Stock Analysis on Robinhood Markets

About Robinhood Markets

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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