Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by Aviva PLC

Aviva PLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 115.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,719 shares of the company's stock after purchasing an additional 161,978 shares during the period. Aviva PLC's holdings in Robinhood Markets were worth $11,242,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HOOD. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets in the 4th quarter valued at $26,000. Creative Financial Designs Inc. ADV grew its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after buying an additional 750 shares in the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at about $37,000. Bogart Wealth LLC acquired a new position in Robinhood Markets during the 4th quarter worth approximately $37,000. Finally, Spire Wealth Management boosted its holdings in 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 acquiring an additional 549 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Trading Up 7.8 %

HOOD traded up $3.17 on Friday, hitting $43.68. 51,213,678 shares of the company's stock were exchanged, compared to its average volume of 23,773,205. The stock has a fifty day moving average of $46.45 and a two-hundred day moving average of $39.50. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The firm has a market cap of $38.68 billion, a PE ratio of 27.82, a P/E/G ratio of 1.05 and a beta of 2.17.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly 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%. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

HOOD has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Morgan Stanley lowered Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 target price on the stock. in a research report on Tuesday. JMP Securities lowered their price objective on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a research note on Tuesday. Finally, Needham & Company LLC cut their target price on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.06.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 500,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total value of $25,385,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 90,866 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.27, for a total value of $4,113,503.82. Following the sale, the director now directly owns 5,042 shares in the company, valued at approximately $228,251.34. This trade represents a 94.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,651,987 shares of company stock valued at $132,806,233 over the last three months. Company insiders own 19.95% of the company's stock.

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.