30,564 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Westpac Banking Corp

Westpac Banking Corp acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,564 shares of the company's stock, valued at approximately $1,139,000.

Several other institutional investors have also recently made changes to their positions in HOOD. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV grew its stake in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the period. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at $37,000. Bogart Wealth LLC bought a new stake in shares of Robinhood Markets during the 4th quarter worth $37,000. Finally, Spire Wealth Management boosted its holdings in shares of Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after buying an additional 549 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Trading Down 9.8 %

Shares of Robinhood Markets stock traded down $3.75 during trading on Friday, hitting $34.51. The stock had a trading volume of 80,274,797 shares, compared to its average volume of 22,588,727. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.05 and a beta of 2.14. The business's 50-day moving average is $48.15 and its 200 day moving average is $38.71.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities 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 research reports. KeyCorp lifted their price objective on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Citigroup dropped their price objective on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday. Mizuho raised their target price on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley lifted their price objective on Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and an average price target of $60.24.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the transaction, the insider now owns 706,642 shares of the company's stock, valued at $36,462,727.20. This represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $42.64, for a total value of $250,552.64. Following the sale, the chief technology officer now directly owns 5,876 shares of the company's stock, valued at approximately $250,552.64. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,627,010 shares of company stock valued at $131,897,049 over the last three months. 19.95% of the stock is owned by corporate insiders.

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.