World Investment Advisors Makes New $253,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

World Investment Advisors purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,778 shares of the company's stock, valued at approximately $253,000.

A number of other hedge funds have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV lifted 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 last quarter. Silicon Valley Capital Partners acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $37,000. Bogart Wealth LLC bought a new stake in shares of Robinhood Markets during the fourth quarter worth $37,000. Finally, Spire Wealth Management grew its stake in shares of Robinhood Markets by 104.6% during the fourth 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. 93.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HOOD. KeyCorp raised their price objective on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Piper Sandler boosted their price target on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Cantor Fitzgerald began coverage on shares of Robinhood Markets in a research report on Thursday, March 6th. They set an "overweight" rating and a $69.00 target price on the stock. Finally, Needham & Company LLC decreased their price target on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average price target of $55.06.

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Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total value of $4,113,503.82. Following the completion of the sale, the director now owns 5,042 shares of the company's stock, valued at approximately $228,251.34. This trade represents a 94.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $60.77, for a total value of $3,038,500.00. Following the transaction, the insider now directly owns 706,642 shares in the company, valued at $42,942,634.34. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,651,987 shares of company stock valued at $132,806,233 in the last three months. Corporate insiders own 19.95% of the company's stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded up $3.17 on Friday, reaching $43.68. 51,213,678 shares of the company's stock were exchanged, compared to its average volume of 23,829,845. The firm's 50-day moving average is $46.45 and its two-hundred day moving average is $39.62. The company has a market capitalization of $38.68 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.