US Bancorp DE raised its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,545 shares of the company's stock after buying an additional 14,794 shares during the quarter. US Bancorp DE's holdings in Robinhood Markets were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its position 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 valued at $1,602,000 after acquiring an additional 16,219 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Robinhood Markets by 601.1% during the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock valued at $164,000 after acquiring an additional 3,769 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Robinhood Markets during the 4th quarter valued at approximately $634,000. Atomi Financial Group Inc. boosted its position in shares of Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after acquiring an additional 92,613 shares during the last quarter. Finally, Requisite Capital Management LLC bought a new position in shares of Robinhood Markets during the 4th quarter valued at approximately $266,000. 93.27% of the stock is owned by hedge funds and other institutional investors.
In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the sale, the chief technology officer now owns 11,752 shares in the company, valued at approximately $445,635.84. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 522,180 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $62.70, for a total value of $32,740,686.00. Following the sale, the director now owns 5,042 shares in the company, valued at $316,133.40. The trade was a 99.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,171,641 shares of company stock worth $149,567,157 over the last quarter. Insiders own 19.95% of the company's stock.
A number of research analysts have recently commented on the company. Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Needham & Company LLC raised their price target on Robinhood Markets from $52.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. KeyCorp raised their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Raymond James assumed coverage on Robinhood Markets in a research report on Wednesday, February 5th. They issued a "market perform" rating for the company. Finally, Piper Sandler raised their price target on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $60.13.
Check Out Our Latest Stock Report on HOOD
Shares of Robinhood Markets stock traded down $0.42 during trading on Friday, hitting $44.42. 53,241,546 shares of the stock traded hands, compared to its average volume of 30,663,816. The firm has a market cap of $39.33 billion, a P/E ratio of 28.29, a price-to-earnings-growth 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. The stock's fifty day simple moving average is $49.03 and its 200 day simple moving average is $35.92.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS 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%. As a group, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.
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.
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