5,700 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,700 shares of the company's stock, valued at approximately $212,000.

Several other hedge funds have also recently modified their holdings of the stock. HM Payson & Co. grew its holdings in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company's stock valued at $28,000 after buying an additional 410 shares in the last quarter. Eastern Bank purchased a new position in shares of Robinhood Markets in the third quarter valued at $30,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets in the third quarter valued at $30,000. ORG Wealth Partners LLC bought a new stake in Robinhood Markets in the third quarter worth $33,000. Finally, Connective Portfolio Management LLC purchased a new stake in Robinhood Markets during the third quarter valued at $47,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HOOD shares. Piper Sandler lifted their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Sanford C. Bernstein boosted their price objective on Robinhood Markets from $30.00 to $51.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. JMP Securities upped their price objective on Robinhood Markets from $33.00 to $40.00 and gave the company a "market outperform" rating in a research report on Tuesday, November 12th. Citigroup lifted their target price on Robinhood Markets from $25.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and increased their price target for the company from $40.00 to $46.00 in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.73.

Insider Buying and Selling

In other news, insider Steven M. Quirk sold 19,861 shares of the stock in a transaction on Sunday, December 1st. The stock was sold at an average price of $37.54, for a total transaction of $745,581.94. Following the completion of the sale, the insider now owns 395,166 shares in the company, valued at approximately $14,834,531.64. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Meyer Malka sold 1,535,681 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the completion of the sale, the director now directly owns 4,974,238 shares of the company's stock, valued at approximately $199,516,686.18. This represents a 23.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,297,400 shares of company stock valued at $170,630,852 over the last three months. 19.95% of the stock is owned by company insiders.

Robinhood Markets Trading Down 2.0 %

Shares of Robinhood Markets stock traded down $1.05 on Friday, hitting $51.95. 14,283,874 shares of the company traded hands, compared to its average volume of 19,554,796. The company has a market cap of $45.92 billion, a PE ratio of 88.05, a PEG ratio of 0.69 and a beta of 2.07. The stock's 50 day moving average price is $41.88 and its 200-day moving average price is $30.14. Robinhood Markets, Inc. has a 52 week low of $10.51 and a 52 week high of $53.51.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share 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 analysts' expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. Robinhood Markets's quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) earnings per share. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.

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.