Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Udine Wealth Management Inc.

Udine Wealth Management Inc. boosted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 70.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,447 shares of the company's stock after purchasing an additional 32,357 shares during the period. Robinhood Markets comprises 1.9% of Udine Wealth Management Inc.'s holdings, making the stock its 13th biggest holding. Udine Wealth Management Inc.'s holdings in Robinhood Markets were worth $2,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HOOD. HM Payson & Co. increased its stake in Robinhood Markets by 53.5% in the 3rd 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. Commerce Bank raised its stake in shares of Robinhood Markets by 3.3% during the third quarter. Commerce Bank now owns 13,245 shares of the company's stock valued at $310,000 after acquiring an additional 423 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Robinhood Markets by 16.5% in the third quarter. Signaturefd LLC now owns 3,437 shares of the company's stock valued at $80,000 after purchasing an additional 487 shares during the period. Castleview Partners LLC grew its stake in Robinhood Markets by 18.2% in the third quarter. Castleview Partners LLC now owns 3,788 shares of the company's stock worth $89,000 after purchasing an additional 582 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in Robinhood Markets by 3.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company's stock worth $463,000 after purchasing an additional 598 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

Robinhood Markets stock traded up $2.07 during trading hours on Friday, hitting $48.15. 35,128,062 shares of the stock traded hands, compared to its average volume of 17,235,492. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $49.27. The stock has a market capitalization of $42.56 billion, a price-to-earnings ratio of 81.61, a P/E/G ratio of 0.58 and a beta of 2.07. The firm's 50 day moving average price is $38.63 and its 200-day moving average price is $28.22.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly 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 business 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 quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. Research analysts forecast that Robinhood Markets, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 108,964 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the transaction, the director now directly 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. Over the last three months, insiders have sold 3,700,658 shares of company stock valued at $140,360,682. 19.95% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on HOOD shares. Barclays upped their target price on Robinhood Markets from $49.00 to $54.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Citigroup boosted their price target on shares of Robinhood Markets from $25.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an "overweight" rating in a report on Friday. Finally, JPMorgan Chase & Co. raised Robinhood Markets from an "underweight" rating to a "neutral" rating and increased their target price for the company from $20.00 to $43.00 in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.07.

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.