14,971 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,971 shares of the company's stock, valued at approximately $351,000.

A number of other institutional investors have also made changes to their positions in HOOD. HM Payson & Co. grew its stake in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company's stock valued at $28,000 after purchasing an additional 410 shares in the last quarter. Eastern Bank purchased a new position in shares of Robinhood Markets during the 3rd quarter valued at approximately $30,000. True Wealth Design LLC acquired a new stake in shares of Robinhood Markets during the third quarter worth approximately $30,000. ORG Wealth Partners LLC bought a new stake in shares of Robinhood Markets in the third quarter worth $33,000. Finally, International Assets Investment Management LLC acquired a new stake in Robinhood Markets in the second quarter valued at $40,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Down 3.6 %

NASDAQ HOOD traded down $1.57 on Tuesday, hitting $41.63. The stock had a trading volume of 26,863,957 shares, compared to its average volume of 16,945,723. The company's 50-day moving average is $32.10 and its two-hundred day moving average is $25.19. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $43.83. The stock has a market cap of $36.80 billion, a price-to-earnings ratio of 73.22, a P/E/G ratio of 0.76 and a beta of 2.09.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The firm's revenue was up 36.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 0.8 earnings per share for the current year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 3,225,806 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $25.07, for a total transaction of $80,870,956.42. Following the completion of the transaction, the director now directly owns 29,357,336 shares of the company's stock, valued at approximately $735,988,413.52. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.37, for a total value of $279,625.00. Following the completion of the sale, the insider now directly owns 1,057,500 shares in the company, valued at $23,656,275. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,037,689 shares of company stock worth $177,092,487 over the last ninety days. 19.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HOOD shares. The Goldman Sachs Group raised shares of Robinhood Markets from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. JMP Securities boosted their price objective on Robinhood Markets from $33.00 to $40.00 and gave the company a "market outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on Robinhood Markets from $17.00 to $21.00 and gave the stock an "underweight" rating in a report on Thursday, October 17th. Citigroup lifted their target price on Robinhood Markets from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Robinhood Markets from $36.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus target price of $38.13.

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.