Robinhood Markets, Inc. (NASDAQ:HOOD) is Berkshire Capital Holdings Inc.'s 8th Largest Position

Berkshire Capital Holdings Inc. increased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 3,483,000.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 348,310 shares of the company's stock after purchasing an additional 348,300 shares during the quarter. Robinhood Markets makes up approximately 4.7% of Berkshire Capital Holdings Inc.'s investment portfolio, making the stock its 8th biggest position. Berkshire Capital Holdings Inc.'s holdings in Robinhood Markets were worth $12,978,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HOOD. Azora Capital LP bought a new position in Robinhood Markets in the 3rd quarter worth $79,780,000. FMR LLC increased its holdings in shares of Robinhood Markets by 31.3% in the third quarter. FMR LLC now owns 14,129,544 shares of the company's stock worth $330,914,000 after purchasing an additional 3,368,118 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Robinhood Markets in the fourth quarter worth about $90,869,000. Assenagon Asset Management S.A. increased its holdings in shares of Robinhood Markets by 486.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company's stock worth $103,906,000 after purchasing an additional 2,313,213 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in Robinhood Markets in the fourth quarter worth about $71,318,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Price Performance

NASDAQ:HOOD traded up $0.70 during mid-day trading on Friday, hitting $44.36. The company's stock had a trading volume of 43,555,704 shares, compared to its average volume of 21,094,221. 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 $39.28 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.05 and a beta of 2.14. The business's fifty day moving average is $49.04 and its two-hundred day moving average is $37.41.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the sale, the chief technology officer now owns 17,559 shares in the company, valued at approximately $821,936.79. This represents a 25.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the completion of the sale, the insider now owns 706,642 shares of the company's stock, valued at approximately $36,462,727.20. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,979,251 shares of company stock worth $142,232,560 in the last 90 days. Insiders own 19.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Barclays lifted their price target on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Raymond James started coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $38.00 to $60.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and an average target price of $61.29.

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.