Vestmark Advisory Solutions Inc. Grows Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,577 shares of the company's stock after acquiring an additional 86,186 shares during the period. Vestmark Advisory Solutions Inc. owned 0.05% of Robinhood Markets worth $16,826,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HOOD. Raymond James & Associates lifted its position in Robinhood Markets by 76.6% during the 3rd quarter. Raymond James & Associates now owns 99,278 shares of the company's stock valued at $2,325,000 after acquiring an additional 43,075 shares during the period. International Assets Investment Management LLC lifted its position in Robinhood Markets by 301.5% during the 3rd quarter. International Assets Investment Management LLC now owns 7,026 shares of the company's stock valued at $165,000 after acquiring an additional 5,276 shares during the period. US Bancorp DE lifted its position in Robinhood Markets by 94.0% during the 3rd quarter. US Bancorp DE now owns 27,751 shares of the company's stock valued at $650,000 after acquiring an additional 13,448 shares during the period. Farther Finance Advisors LLC lifted its position in Robinhood Markets by 834.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,504 shares of the company's stock valued at $152,000 after acquiring an additional 5,808 shares during the period. Finally, Van ECK Associates Corp lifted its position in Robinhood Markets by 24.7% during the 3rd quarter. Van ECK Associates Corp now owns 627,743 shares of the company's stock valued at $14,702,000 after acquiring an additional 124,410 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 186,514 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the transaction, the director now owns 2,521 shares of the company's stock, valued at $96,125.73. The trade was a 98.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $37.92, for a total transaction of $222,817.92. Following the transaction, the chief technology officer now directly owns 11,752 shares in the company, valued at $445,635.84. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,171,641 shares of company stock worth $149,567,157. 19.95% of the stock is owned by company insiders.

Robinhood Markets Trading Down 0.9 %

NASDAQ HOOD traded down $0.42 during trading hours on Friday, hitting $44.42. 53,241,546 shares of the company's stock traded hands, compared to its average volume of 30,663,816. The business's fifty day moving average price is $48.93 and its two-hundred day moving average price is $35.64. The firm has a market capitalization of $39.33 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on HOOD. Cantor Fitzgerald began coverage on shares of Robinhood Markets in a research note on Thursday. They set an "overweight" rating and a $69.00 price objective for the company. KeyCorp raised their price objective on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Citigroup raised their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Robinhood Markets from $38.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and an average target price of $60.13.

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.