Geode Capital Management LLC Boosts Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Geode Capital Management LLC lifted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,175,972 shares of the company's stock after purchasing an additional 555,299 shares during the period. Geode Capital Management LLC owned approximately 1.38% of Robinhood Markets worth $455,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Captrust Financial Advisors boosted its position in Robinhood Markets by 31.0% during the third quarter. Captrust Financial Advisors now owns 18,942 shares of the company's stock worth $444,000 after purchasing an additional 4,487 shares in the last quarter. Verition Fund Management LLC grew its stake in Robinhood Markets by 34.2% in the 3rd quarter. Verition Fund Management LLC now owns 81,843 shares of the company's stock valued at $1,917,000 after acquiring an additional 20,838 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Robinhood Markets by 13,581.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 73,059 shares of the company's stock valued at $1,711,000 after acquiring an additional 72,525 shares in the last quarter. Investment Management Corp of Ontario raised its position in Robinhood Markets by 50.8% during the third quarter. Investment Management Corp of Ontario now owns 17,525 shares of the company's stock worth $410,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Robinhood Markets by 7.1% in the third quarter. Point72 Asset Management L.P. now owns 1,548,200 shares of the company's stock valued at $36,259,000 after purchasing an additional 103,201 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total transaction of $957,750.00. Following the completion of the sale, the insider now directly owns 822,825 shares in the company, valued at $31,522,425.75. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,646,134 shares of company stock worth $132,604,246. Company insiders own 19.95% of the company's stock.

Robinhood Markets Stock Up 3.8 %

Shares of HOOD stock traded up $1.34 on Tuesday, reaching $36.75. 26,327,131 shares of the stock were exchanged, compared to its average volume of 22,884,821. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The stock has a market cap of $32.54 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The firm has a 50 day moving average of $47.91 and a two-hundred day moving average of $39.02.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping the consensus estimate 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, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent research reports. JMP Securities raised their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a "market outperform" rating in a research note on Thursday, February 13th. Morgan Stanley cut Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a report on Tuesday. KeyCorp upped their price objective on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Mizuho lifted their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Barclays reduced their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday. Six equities 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, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.47.

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.