Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 28.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,488,308 shares of the company's stock after purchasing an additional 327,068 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.17% of Robinhood Markets worth $55,454,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of HOOD. Allspring Global Investments Holdings LLC lifted its stake in shares of Robinhood Markets by 1,211,858.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company's stock valued at $89,410,000 after acquiring an additional 3,817,355 shares during the last quarter. Azora Capital LP bought a new stake in Robinhood Markets during the third quarter worth $79,780,000. FMR LLC lifted its position in shares of Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company's stock worth $330,914,000 after buying an additional 3,368,118 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Robinhood Markets by 486.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company's stock worth $103,906,000 after buying an additional 2,313,213 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Robinhood Markets by 19.5% in the third quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company's stock valued at $271,708,000 after purchasing an additional 1,895,427 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HOOD shares. Citigroup upped their price target on Robinhood Markets from $25.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. raised shares of Robinhood Markets from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $24.00 to $38.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Piper Sandler boosted their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. Finally, Morgan Stanley boosted their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and an average price target of $43.73.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Baiju Bhatt sold 108,964 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the sale, the director now owns 2,521 shares of the company's stock, valued at approximately $62,823.32. This trade represents a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,297,400 shares of company stock worth $170,630,852. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded up $1.85 during trading on Thursday, hitting $53.00. 16,760,290 shares of the stock were exchanged, compared to its average volume of 21,465,643. The stock's fifty day moving average is $41.22 and its 200 day moving average is $29.74. The stock has a market cap of $46.85 billion, a PE ratio of 89.83, a P/E/G ratio of 0.67 and a beta of 2.07. Robinhood Markets, Inc. has a 12 month low of $10.51 and a 12 month high of $53.51.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly 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 company had revenue of $637.00 million for 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%. The business's revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Sell-side 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.