Vontobel Holding Ltd. Has $2.35 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vontobel Holding Ltd. raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 124.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,080 shares of the company's stock after purchasing an additional 34,955 shares during the period. Vontobel Holding Ltd.'s holdings in Robinhood Markets were worth $2,350,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new stake in Robinhood Markets during the fourth quarter valued at $37,000. Asset Management One Co. Ltd. increased its stake in Robinhood Markets by 0.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 186,232 shares of the company's stock valued at $7,267,000 after purchasing an additional 1,646 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Robinhood Markets by 19.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,557,301 shares of the company's stock valued at $179,463,000 after purchasing an additional 739,631 shares during the last quarter. Cigna Investments Inc. New bought a new stake in Robinhood Markets during the fourth quarter valued at $244,000. Finally, Silicon Valley Capital Partners bought a new stake in Robinhood Markets during the fourth quarter valued at $37,000. Institutional investors own 93.27% of the company's stock.

Insider Activity

In related news, Director Meyer Malka sold 1,535,681 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the transaction, the director now owns 4,974,238 shares in the company, valued at approximately $199,516,686.18. This represents a 23.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the transaction, the insider now owns 806,955 shares in the company, valued at $30,268,882.05. This represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,470,607 shares of company stock worth $197,745,930 in the last 90 days. Company insiders own 19.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HOOD shares. Barclays upped their price target on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. 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 research 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 target for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Mizuho upped their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Morgan Stanley upped their price target on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average price target of $59.53.

Robinhood Markets Stock Down 5.4 %

Shares of HOOD traded down $3.17 during trading hours on Thursday, reaching $56.06. The company's stock had a trading volume of 36,223,729 shares, compared to its average volume of 25,295,221. The firm has a market cap of $49.56 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 1.13 and a beta of 2.13. Robinhood Markets, Inc. has a 1-year low of $13.39 and a 1-year high of $66.91. The company has a 50 day moving average of $46.85 and a two-hundred day moving average of $33.40.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its 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 return on equity of 13.96% and a net margin of 47.81%. As a group, analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.