Robinhood Markets, Inc. $HOOD Position Raised by TD Asset Management Inc

TD Asset Management Inc raised its position in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 436,016 shares of the company’s stock after purchasing an additional 45,177 shares during the quarter. TD Asset Management Inc’s holdings in Robinhood Markets were worth $62,429,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HOOD. Cozad Asset Management Inc. lifted its stake in Robinhood Markets by 46.8% during the third quarter. Cozad Asset Management Inc. now owns 8,766 shares of the company’s stock valued at $1,255,000 after purchasing an additional 2,795 shares during the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of Robinhood Markets during the third quarter valued at $2,988,000. Dakota Wealth Management acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at $5,968,000. EverSource Wealth Advisors LLC raised its holdings in Robinhood Markets by 0.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 90,656 shares of the company’s stock worth $12,980,000 after buying an additional 670 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Robinhood Markets by 51.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,362 shares of the company’s stock valued at $195,000 after buying an additional 460 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $132.26, for a total value of $775,704.90. Following the completion of the transaction, the chief technology officer directly owned 26,725 shares in the company, valued at $3,534,648.50. This trade represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Quirk sold 52,540 shares of Robinhood Markets stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the transaction, the insider directly owned 27,564 shares of the company’s stock, valued at approximately $2,420,394.84. This trade represents a 65.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 640,939 shares of company stock valued at $77,553,447. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $79.45 on Friday. The firm has a fifty day moving average of $100.14 and a two-hundred day moving average of $116.23. The stock has a market capitalization of $71.44 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.57 and a beta of 2.43. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HOOD has been the topic of several research analyst reports. Mizuho lowered their price objective on shares of Robinhood Markets from $172.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Citizens Jmp reaffirmed a “market outperform” rating and set a $180.00 target price on shares of Robinhood Markets in a research report on Wednesday, February 11th. Wall Street Zen downgraded Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Keefe, Bruyette & Woods raised their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday, December 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and an average price target of $121.71.

Read Our Latest Report on HOOD

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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