7,408 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Metis Global Partners LLC

Metis Global Partners LLC purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,408 shares of the company's stock, valued at approximately $276,000.

A number of other hedge funds have also recently added to or reduced their stakes in HOOD. International Assets Investment Management LLC boosted its stake in Robinhood Markets by 301.5% in the 3rd quarter. International Assets Investment Management LLC now owns 7,026 shares of the company's stock worth $165,000 after buying an additional 5,276 shares during the last quarter. US Bancorp DE lifted its stake in shares of Robinhood Markets by 94.0% in the 3rd quarter. US Bancorp DE now owns 27,751 shares of the company's stock valued at $650,000 after purchasing an additional 13,448 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Robinhood Markets by 834.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,504 shares of the company's stock valued at $152,000 after purchasing an additional 5,808 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Robinhood Markets by 2.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 184,586 shares of the company's stock valued at $4,323,000 after purchasing an additional 4,325 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Robinhood Markets by 515.0% in the 3rd quarter. QRG Capital Management Inc. now owns 80,784 shares of the company's stock valued at $1,892,000 after purchasing an additional 67,649 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Robinhood Markets from $38.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Raymond James started coverage on Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating on the stock. Barclays boosted their price target on Robinhood Markets from $54.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein boosted their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and an average price target of $60.13.

Robinhood Markets Trading Down 0.9 %

HOOD stock traded down $0.42 during midday trading on Friday, hitting $44.42. 53,241,546 shares of the company's stock were exchanged, compared to its average volume of 30,663,816. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The firm has a 50 day moving average price of $48.93 and a 200-day moving average price of $35.64. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

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, beating 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, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 186,514 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the sale, the director now directly owns 2,521 shares of the company's stock, valued at approximately $96,125.73. This represents a 98.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,171,641 shares of company stock valued at $149,567,157. Corporate insiders own 19.95% of the company's stock.

About Robinhood Markets

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.