Park Avenue Securities LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 38,831 shares of the company's stock, valued at approximately $1,447,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. grew its stake in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company's stock worth $28,000 after buying an additional 410 shares during the period. Eastern Bank acquired a new position in shares of Robinhood Markets during the 3rd quarter valued at $30,000. True Wealth Design LLC purchased a new stake in Robinhood Markets during the 3rd quarter worth $30,000. ORG Wealth Partners LLC acquired a new stake in Robinhood Markets in the 3rd quarter valued at $33,000. Finally, Connective Portfolio Management LLC purchased a new position in Robinhood Markets in the third quarter valued at about $47,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Insider Buying and Selling at Robinhood Markets
In other news, Director Baiju Bhatt sold 90,866 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total transaction 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 represents a 94.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the firm's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00. The disclosure for this sale can be found here. Insiders sold a total of 3,700,658 shares of company stock worth $140,360,682 over the last 90 days. Insiders own 19.95% of the company's stock.
Robinhood Markets Price Performance
NASDAQ:HOOD traded up $2.07 during mid-day trading on Monday, reaching $48.15. The stock had a trading volume of 35,128,062 shares, compared to its average volume of 17,235,492. The company has a market capitalization of $42.56 billion, a price-to-earnings ratio of 81.61, a price-to-earnings-growth ratio of 0.58 and a beta of 2.07. Robinhood Markets, Inc. has a 1-year low of $10.38 and a 1-year high of $49.27. The stock's 50 day simple moving average is $38.63 and its two-hundred day simple moving average is $28.25.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. Robinhood Markets's revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 0.91 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on HOOD. KeyCorp upped their target price on Robinhood Markets from $30.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. JMP Securities upped their price target on Robinhood Markets from $33.00 to $40.00 and gave the stock a "market outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded shares of Robinhood Markets from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Morgan Stanley upped their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Sanford C. Bernstein lifted their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.07.
Check Out Our Latest Stock Analysis on Robinhood Markets
Robinhood Markets Company Profile
(
Free Report)
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.
Read More
Before you consider Robinhood Markets, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robinhood Markets wasn't on the list.
While Robinhood Markets currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
