US Bancorp DE Has $1.59 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

US Bancorp DE boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 53.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,545 shares of the company's stock after buying an additional 14,794 shares during the period. US Bancorp DE's holdings in Robinhood Markets were worth $1,585,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of Robinhood Markets by 7.8% during the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock worth $142,000 after acquiring an additional 277 shares during the period. Commerce Bank grew its position in shares of Robinhood Markets by 3.3% in the 3rd quarter. Commerce Bank now owns 13,245 shares of the company's stock valued at $310,000 after acquiring an additional 423 shares during the period. Spire Wealth Management grew its position in shares of Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after acquiring an additional 549 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of 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 buying an additional 598 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Robinhood Markets by 130.7% during the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company's stock worth $42,000 after buying an additional 643 shares during the period. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 0.9 %

NASDAQ:HOOD opened at $44.42 on Friday. The stock has a market cap of $39.33 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The firm's fifty day simple moving average is $49.03 and its 200 day simple moving average is $35.92. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HOOD. JMP Securities lifted their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a "market outperform" rating in a report on Thursday, February 13th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Raymond James initiated coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating on the stock. Finally, Barclays upped their price objective 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. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $60.13.

Insider Transactions at Robinhood Markets

In related news, Director Baiju Bhatt sold 186,514 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the completion of the transaction, the director now directly owns 2,521 shares in the company, valued at approximately $96,125.73. The trade was a 98.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total value of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares of the company's stock, valued at approximately $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,171,641 shares of company stock valued at $149,567,157 in the last quarter. 19.95% of the stock is owned by insiders.

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.

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