Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by Capital Performance Advisors LLP

Capital Performance Advisors LLP grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 224.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,086 shares of the company's stock after buying an additional 4,901 shares during the period. Capital Performance Advisors LLP's holdings in Robinhood Markets were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HOOD. Creative Planning raised its holdings in Robinhood Markets by 34.6% during the 3rd quarter. Creative Planning now owns 35,384 shares of the company's stock valued at $829,000 after buying an additional 9,094 shares during the period. Vontobel Holding Ltd. increased its position in Robinhood Markets by 32.3% during the third quarter. Vontobel Holding Ltd. now owns 28,125 shares of the company's stock valued at $659,000 after acquiring an additional 6,872 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Robinhood Markets by 183.6% in the third quarter. Blue Trust Inc. now owns 22,938 shares of the company's stock valued at $521,000 after acquiring an additional 14,849 shares during the period. Raymond James & Associates lifted its holdings in shares of Robinhood Markets by 76.6% in the 3rd quarter. Raymond James & Associates now owns 99,278 shares of the company's stock worth $2,325,000 after acquiring an additional 43,075 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Robinhood Markets by 1,211,858.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company's stock worth $89,410,000 after purchasing an additional 3,817,355 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on HOOD. KeyCorp boosted their target price on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Barclays boosted their price objective on Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday. JMP Securities lifted their target price on Robinhood Markets from $60.00 to $77.00 and gave the stock a "market outperform" rating in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Robinhood Markets from $38.00 to $60.00 and gave the stock a "market perform" rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.53.

Robinhood Markets Stock Down 5.4 %

Shares of HOOD traded down $3.17 during mid-day trading on Thursday, hitting $56.06. 36,236,500 shares of the company traded hands, compared to its average volume of 25,298,209. The business has a 50 day moving average of $46.85 and a 200 day moving average of $33.40. The company has a market capitalization of $49.56 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 1.13 and a beta of 2.13. Robinhood Markets, Inc. has a 1-year low of $13.39 and a 1-year 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 earnings per share (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 13.96%. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $37.51, for a total transaction of $11,253,000.00. Following the completion of the sale, the insider now directly owns 806,955 shares in the company, valued at approximately $30,268,882.05. The trade was a 27.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 522,180 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the completion of the sale, the director now owns 5,042 shares in the company, valued at $316,133.40. The trade was a 99.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,520,607 shares of company stock worth $200,784,430 in the last 90 days. Insiders own 19.95% of the company's stock.

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.