FIL Ltd Makes New Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

FIL Ltd acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,065,000 shares of the company's stock, valued at approximately $39,682,000. FIL Ltd owned approximately 0.12% of Robinhood Markets as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in shares of Robinhood Markets by 31.0% during the third quarter. Captrust Financial Advisors now owns 18,942 shares of the company's stock valued at $444,000 after purchasing an additional 4,487 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Robinhood Markets by 45.6% in the third quarter. Quantinno Capital Management LP now owns 37,867 shares of the company's stock worth $887,000 after buying an additional 11,859 shares during the period. MML Investors Services LLC boosted its stake in Robinhood Markets by 58.0% in the 3rd quarter. MML Investors Services LLC now owns 51,839 shares of the company's stock worth $1,214,000 after purchasing an additional 19,027 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Robinhood Markets by 12.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 154,100 shares of the company's stock worth $3,609,000 after purchasing an additional 17,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Robinhood Markets by 15.5% in the third quarter. Public Employees Retirement System of Ohio now owns 303,629 shares of the company's stock valued at $7,111,000 after purchasing an additional 40,647 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

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Robinhood Markets Price Performance

Shares of HOOD stock traded up $0.39 during trading hours on Tuesday, reaching $44.53. 15,904,807 shares of the company were exchanged, compared to its average volume of 23,886,956. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The stock's fifty day moving average is $46.25 and its two-hundred day moving average is $39.76. The company has a market cap of $39.43 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.53% and a net margin of 47.81%. On average, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $34.51, for a total transaction of $201,987.03. Following the sale, the chief technology officer now directly owns 5,853 shares in the company, valued at $201,987.03. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 500,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total value of $25,385,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,651,987 shares of company stock worth $132,806,233. Company insiders own 19.95% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on HOOD. Barclays decreased their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Needham & Company LLC dropped 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. KeyCorp lifted their price target on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Raymond James initiated coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating on the stock. Finally, Citigroup cut their price target on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.06.

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.