Xponance Inc. Buys 10,355 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Xponance Inc. raised its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,227 shares of the company's stock after purchasing an additional 10,355 shares during the quarter. Xponance Inc.'s holdings in Robinhood Markets were worth $2,319,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HOOD. Toronto Dominion Bank boosted its stake in shares of Robinhood Markets by 31.1% during the 3rd quarter. Toronto Dominion Bank now owns 68,408 shares of the company's stock worth $1,602,000 after acquiring an additional 16,219 shares in the last quarter. IFP Advisors Inc boosted its position in Robinhood Markets by 601.1% during the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after purchasing an additional 3,769 shares during the period. Everence Capital Management Inc. acquired a new position in Robinhood Markets during the fourth quarter valued at approximately $634,000. Charles Schwab Investment Management Inc. raised its position in shares of Robinhood Markets by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after purchasing an additional 138,267 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of Robinhood Markets by 20.7% in the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock worth $20,154,000 after buying an additional 92,613 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

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Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of Robinhood Markets stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $40.45, for a total value of $4,045,000.00. Following the completion of the transaction, the insider now owns 731,642 shares of the company's stock, valued at approximately $29,594,918.90. The trade was a 12.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,685,104 shares of company stock worth $131,233,346 over the last three months. 19.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. Cantor Fitzgerald assumed coverage on shares of Robinhood Markets in a report on Thursday, March 6th. They issued an "overweight" rating and a $69.00 target price on the stock. Mizuho lifted their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. JMP Securities increased their target price on Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday, February 13th. Barclays lifted their price target on Robinhood Markets from $54.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Raymond James started coverage on Robinhood Markets in a research report on Wednesday, February 5th. They issued a "market perform" rating for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $61.29.

Robinhood Markets Trading Down 0.4 %

NASDAQ HOOD traded down $0.21 on Tuesday, reaching $48.15. The company's stock had a trading volume of 43,274,072 shares, compared to its average volume of 21,210,096. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The firm has a market cap of $42.63 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The business has a 50-day moving average price of $49.22 and a 200 day moving average price of $37.61.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share 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.