Harbor Investment Advisory LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,600 shares of the company’s stock, valued at approximately $283,000.
Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Robinhood Markets by 1,211,858.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock worth $89,410,000 after buying an additional 3,817,355 shares during the period. Azora Capital LP acquired a new position in shares of Robinhood Markets during the third quarter worth approximately $79,780,000. FMR LLC boosted its position in shares of Robinhood Markets by 31.3% during the third quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after buying an additional 3,368,118 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Robinhood Markets by 486.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock worth $103,906,000 after buying an additional 2,313,213 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Robinhood Markets by 19.5% during the third quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock worth $271,708,000 after buying an additional 1,895,427 shares during the period. 93.27% of the stock is owned by institutional investors.
Insider Buying and Selling at Robinhood Markets
In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Baiju Bhatt sold 108,964 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the sale, the director now directly owns 2,521 shares in the company, valued at approximately $62,823.32. This trade represents a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,700,658 shares of company stock valued at $140,360,682 in the last three months. 19.95% of the stock is currently owned by company insiders.
Robinhood Markets Stock Performance
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (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 firm had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same period last year, the firm earned ($0.09) earnings per share. Robinhood Markets’s revenue for the quarter was up 36.4% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post 0.97 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on HOOD shares. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods upped their target price on Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Citigroup upped their target price on Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, Piper Sandler upped their target price on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.07.
View Our Latest Report on HOOD
Robinhood Markets 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.
Featured Stories
- Five stocks we like better than Robinhood Markets
- Why is the Ex-Dividend Date Significant to Investors?
- Oracle Announces Game-Changing News for the AI Industry
- Earnings Per Share Calculator: How to Calculate EPS
- Netflix Adds 19 Million Subscribers, Growth Is Far From Over
- What Does a Stock Split Mean?
- Tempus AI: A Game-Changer in AI-Powered Healthcare
Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report).
Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.