Vanguard Group Inc. Boosts Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vanguard Group Inc. increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,366,379 shares of the company's stock after purchasing an additional 87,988 shares during the quarter. Vanguard Group Inc. owned 7.73% of Robinhood Markets worth $2,547,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at $26,000. True Wealth Design LLC purchased a new stake in Robinhood Markets in the 3rd quarter worth about $30,000. Creative Financial Designs Inc. ADV lifted its stake in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares during the last quarter. Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $37,000. Finally, Bogart Wealth LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $42.64, for a total transaction of $250,552.64. Following the transaction, the chief technology officer now directly owns 5,876 shares of the company's stock, valued at $250,552.64. This represents a 50.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,955,655 shares of company stock worth $143,072,448 over the last three months. Corporate insiders own 19.95% of the company's stock.

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Robinhood Markets Stock Performance

HOOD stock traded down $2.69 during trading on Friday, reaching $41.30. 30,858,805 shares of the company traded hands, compared to its average volume of 21,747,208. The business has a 50 day simple moving average of $49.29 and a 200 day simple moving average of $37.91. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The company has a market capitalization of $36.57 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share 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%. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HOOD shares. The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $46.00 in a report on Friday, December 6th. Needham & Company LLC lowered their target price on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Friday. Citigroup upped their price target on shares of Robinhood Markets from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. KeyCorp lifted their price objective on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.82.

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.